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Deferred/Planned Giving

Reserving a Life Estate in Real Estate

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If you are considering a gift of your residence or farm to the Diocese of Raleigh, but wish to live there during your lifetime, a gift of the real estate with a retained life interest is one solution. Transferring the property to the Diocese of Raleigh, while reserving a life estate for you and/or another person, provides you with a current federal income tax charitable deduction. The deduction equals the present value of the Diocese of Raleigh's remainder interest. This gift also permits you to avoid any potential capital gains tax on the built-in appreciation.

Taxation:

  • The beneficiary is taxed on any income.

Benefits:

  • Donor retains use of their home or farm for life.
  • Tax deduction based on value of property.
  • Avoidance of capital gains tax.

To learn more about ways to give to the Diocese of Raleigh, its parishes, schools, ministries and Catholic Charities please contact the Office of Stewardship and Advancement at (919) 821-9721, or by email to tim.breslin@raldioc.org.