Gifts of Real Estate
The Conservatory can accept gifts of real property that is no longer needed, allowing you to generate an income tax deduction and reduce or eliminate capital gains tax. Alternatively,
You can make a gift of your residence, but have lifetime use of it.
You may transfer ownership of your personal residence to the Conservatory now, but retain what is called “a Life Estate”, entitling you to continue to live there for your lifetime. At the same time, you can also receive a significant tax benefit in the year of the gift.
To learn more, please call Laura Carleton at 781-749-7565 ext 14, or send an email to l.carleton@sscmusic.org.