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.

More Information

Contact Us

Stephanie A. Mayer
Chief Engagement Officer
305-860-8445
stephanie.mayer@vizcaya.org

 

Vizcaya Museum and Gardens
3251 South Miami Avenue
Miami, FL 33129
Federal Tax ID Number: 47-1711491

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