Legal Question in Real Estate Law in Indiana

I'm a real estate investor as well as the President of the local Parent Teacher Organization. My question is what would be the recommended process for setting up a "charitable contribution at closing" program in which property owners could donate a portion of the proceeds from their real property sale, directly to the school corporation. Specifically, should we ask Realtor's to present the option or the Title company at closing and what documentation would be necessary. Also, would this be considered a reduction of capital gains since the funds would be donated at closing?


Asked on 1/05/11, 1:10 pm

1 Answer from Attorneys
Jay Rigdon Rockhill Pinnick LLP

You have a lot to deal with here. Perhaps it would be best to see whether there are any attorney-parents at your school who might volunteer their time to give a full and complete answer. Thre are too many issues to try to deal with this project in this forum.

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Answered on 1/10/11, 1:34 pm


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