Gifts of Real Estate

How It Works

• You deed your home, your vacation home, undeveloped property, or a commercial building to the Rhode Island Community Food Bank.
• The Food Bank may use the property for its own purposes or will sell it and use the proceeds.

Benefits

• You receive an income tax deduction for the fair market value of the real estate.
• You pay no capital gains tax on the transfer.
• You can direct the proceeds from your gift to a specific program at the RI Community Food Bank.

Next

• Frequently asked questions on gifts of real estate.
• Contact us so we can assist you through every step.

The material presented on this Planned Giving website is not offered as legal or tax advice.
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