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Gifts of Real Estate
How It Works
- You deed your home, vacation home, undeveloped property, or commercial building to Newark Beth Israel Medical Center.
- Newark Beth Israel Medical Center may use the property or 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 support the overall mission of Newark Beth Israel Medical Center.