Alumni Awards | Alumni | Worcester Academy

Explore this section

Planned Giving

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 Worcester Academy
  2. Receive income-tax deduction for fair-market value of property
  3. Worcester Academy 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 Worcester Academy

Contact Us

Jen DiFranco
Advancement Director
508.459.6931
jennifer.difranco@worcesteracademy.org

Federal Tax ID Number: 042105855

Worcester Academy
81 Providence Street
Worcester, MA 01604

Back