Gifts of Real Estate
How it works
You deed your home, a commercial building, or investment property to The Hotchkiss School.
The Hotchkiss School may use the property for its own purposes, or, more likely, will sell it and use the proceeds for our programs.
- You receive an income tax deduction for the fair market value of the real estate, no matter what you originally paid for it.
- You pay no capital gains tax on the transfer.
- You can direct the proceeds from your gift to a specific The Hotchkiss School program.