Real estate can be one of the most highly appreciated assets you own and therefore, a smart asset to use in making a legacy gift. When you make an outright gift of real estate to Literacy Pittsburgh you:
- Receive an income tax deduction for the fair market value.
- Avoid capital gains tax.
- Remove the property from your taxable estate.
- Reduce stress caused by property management.
To continue living in your home, vacation property or farm, make a retained life estate gift by deeding part ownership of your property to Literacy Pittsburgh. With this gift you receive a current income tax deduction and remove the residence from your taxable estate while still enjoying lifetime use of the property.
Tax ID Number: 25-1392652
Legal Name: Literacy Pittsburgh
Have you named Literacy Pittsburgh as a beneficiary? Please let us thank you by completing our gift intention form. Sharing information about your gift helps us understand the goals of your legacy plan and allows us to keep you connected to your impact during your lifetime!
This information is not intended as legal or tax advice. Please consult your attorney or tax advisor for the best planning advice for your personal situation.