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Real Estate—Outright Gift

You receive a charitable income-tax deduction for the full fair-market value of the unencumbered real estate. You may apply the deduction up to 30% of your adjusted gross income—in the year of the gift—with the five-year carryover provision. You avoid capital-gain tax on the appreciation you have in the property, and there are no gift taxes. Because you have removed the property from your estate, you may also reduce your estate taxes.

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Contact Us

Heather Harlan Warnack

Heather Harlan Warnack
Director of Development
hwarnack@gilman.edu

Mary Ellen Porter

Mary Ellen Porter
Associate Director of Development &
Director of Planned Giving
meporter@gilman.edu

 

Gilman School
5407 Roland Avenue
Development Office
Baltimore, MD 21210
410-323-7178

Federal Tax ID Number: 52-0591604

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