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Gifts of Real Estate

Gifts of Real Estate

A gift to ARC of real property, such as personal residences, vacation home, farm acreage or vacant lot can offer a twofold tax saving. If the property has appreciated in value during your ownership, you must pay a sizeable capital gains tax when you sell it. If you make a gift of the property, you receive a charitable deduction for the full fair market value of the property and you also avoid having to pay the capital gains tax. You may also make a gift to ARC of a remainder interest in your personal residence, and continue to live there during your lifetime, while still realizing a tax deduction in the year you make the gift.

Testimonials and Success Stories

“They say the days are long, and the years are quick”

By Tracey Hempel
Associate Executive Director of Community Supports

April 29, 2016 will be my 20th Anniversary with The Arc of Rensselaer County; thankfully it’s also a Friday! I can say for certain that when I crossed over the river, I didn’t anticipate the journey that I was about to begin. We had 28 hour shifts back then, I was a floater (DSP) which meant I worked at every location, but Hoosick St., Detroit and Euclid Ave were places that I called home. They were the absolute joys of my work schedule; now that’s not to say that I didn’t love other place or people, but I had an undeniable, almost innate, connection with the people who lived in those places. I look back at those memories, like I do my childhood memories. For all intents and purposes, they could be because no place and no one person has defined me more than The Arc. Ok, maybe my kids and my husband have had a hand in shaping me too, but in three years, I will have been working at The Arc for half of my adult life. I would be lying if I told you that statement doesn’t impact me; I am who I am because of all of the people who I have crossed paths with over the years, all of the experiences they shared with me and the lessons that came along the way. For that, I am thankful.

(Tracey is shown in the picture above with Rob Beza in 1997)

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Our Mission

The mission of The Arc of Rensselaer County is to advocate for the rights and safety of individuals of all ages who have an intellectual disability and/or a developmental disability or delay.
The Arc is a source of support, specialized knowledge, and available resources in assisting individuals and their families to meet their needs and goals.
The Arc works to influence societal attitudes and governmental policy so that people with intellectual and developmental disabilities will have access to the services, assistance, and opportunities they need for personal growth and development, and participation in the community.

The Arc of Rensselaer County
79 102nd Street, Troy, NY 12180-1125
(518) 274-3110

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