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Gifts that provide lifetime tax benefits

Gifts of Real Estate

Real Estate—Outright Gift

How It Works
You transfer the title of your property to The Agnes Irwin School. In return, you receive an income-tax deduction for the fair-market value of the property. The Agnes Irwin School may use or sell the property.

Benefits

  • Income-tax deduction for fair-market value of property
  • Avoid capital-gains tax
  • Relieved of details of selling property
  • Significant gift to the school

Real Estate—Bargain Sale

How It Works
You sell your property to The Agnes Irwin School for less than its fair-market value. The school pays cash for the agreed sale price and you receive a deduction. The Agnes Irwin School may use or sell the property.

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis).
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property.
  • The school receives a valuable piece of property that we may sell or use to further our mission.

Gift of personal residence or vacation property with Retained Life Estate

How It Works
You transfer the title to your personal residence or vacation property to The Agnes Irwin School. You (and your spouse) occupy and maintain the residence for life. The Agnes Irwin School uses or sells the property after your death(s).

Benefits

  • No out-of-pocket cost and a substantial gift to The Agnes Irwin School.
  • Federal income-tax deduction for remainder value of your residence or vacation property.
  • You and your spouse can occupy residence for life.

Life Insurance

How It Works
You transfer the ownership of a paid-up life insurance policy to The Agnes Irwin School. The school elects to cash in the policy now or hold it.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.

Margaret Welsh
Director of Development
mwelsh@agnesirwin.org 

Julie Kalis
Director of Major Gifts

jkalis@agnesirwin.org

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AN ALL-GIRLS' INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR PREK-GRADE 12  •  Ithan Avenue & Conestoga Road, Rosemont, PA 19010  •  Tel 610.525.8400

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