REAL ESTATE

A gift of real property (such as a residence, vacation home, or commercial property) can be used to make a significant gift to Portsmouth Abbey School. This can be accomplished through a simple bequest in your will or trust leaving the proceeds from the sale of the property to the School. Alternatively, you may make a gift of real estate during your lifetime. Gifts of real estate must be free of debt and readily marketable. Please note that the School will only accept gifts of property on a case-by-case basis; proposed donations are reviewed by our Gift Acceptance Committee.  

When you donate a gift of appreciated property (you have held longer than one year), you qualify for a federal income tax charitable deduction. This eliminates capital gains tax. Other benefits include the release of  property's maintenance costs, property taxes, insurance or the hassle of selling it.  

Contact the Office of Development & Alumni Affairs at 401-643-1269.

The information on this website is not intended as legal, financial, or tax advice. Please consult an attorney, financial advisor, or tax advisor in your planning.