Current tax law allows you to make an outright gift of real estate which usually qualifies for a tax deduction equal to the property’s fair market value, and the avoidance of capital gains tax. Your investment or tax advisor can help you weigh the advantages. Or you can speak with Patti Troy-Ott, Executive Director of Development, Sisters of Mercy Regional Community of New York, 914-328-3200, ext. 410. <-- Back