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Real Estate—Outright Gift

Outright Gift of Real Estate Diagram. Description of image is listed below.

How It Works

  1. Transfer title of property to LFA
  2. Receive income-tax deduction for fair-market value of property
  3. LFA may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to LFA

Contact Us

Beth Bentley
Director of Individual Philanthropy
bbentley@lfanet.org
(847) 615-3204

Lake Forest Academy
1500 West Kennedy Road
Lake Forest, IL 60045
Federal Tax ID Number: 36-2216167

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