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Watch the Mass of Thanksgiving live w/ Bishop Caggiano
Thursday, May 15, 7 PM from St. Augustine Cathedral, Bridgeport

Diocese of Bridgeport

Ways to Give

Gifts of Real Estate: The Details

Is this gift right for you?

A gift of real estate is for you if…

  • You hold readily marketable residential, commercial, or undeveloped real estate that has risen in value that you no longer wish to maintain.
  • You are concerned about rising real estate taxes and the capital gains cost of selling the property.
  • You have vacation property no longer needed by any family member.
  • You would like to consider using your real property for a life income giving arrangement.
  • The property is useful to our mission or can be sold easily.

We are happy to consider gifts of residential, commercial, and undeveloped real estate.

As with donations of other types of appreciated property, gifts of real estate secure a charitable income tax deduction for you, based on the fair market value of the property, with no capital gains liability for the transfer to the Church.

You can donate real estate to the Church in several ways:

  • As an outright donation;
  • As the donation of a fractional interest in the property;

When you are considering a gift of real estate, keep two considerations in mind:

  1. We will gratefully review your offer and evaluate the condition and marketability of the proposed real estate to determine that the donation is risk free and appropriate for all parties.
  2. The IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. We can assist you in following the IRS procedures for this appraisal.

Please contact us so that we can assist you through every step of the process.

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Development Office
The Catholic Center
100 Beard Sawmill Road, Suite 650
Shelton, CT 06484
Tel: (203) 416-1470 | Fax: (203) 371-0410

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