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 Food Bank For NYC
  2. Receive income-tax deduction for fair-market value of property
  3. Food Bank For NYC 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 Food Bank For NYC

Contact Us

Dawn Ellwood
Director, Planned Giving
646.634.3984
plannedgiving@foodbanknyc.org

Food Bank For NYC
355 Food Center Drive 
Bronx, NY 10474 

Federal Tax ID Number: 13-3179546

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