Kathleen A. Stephenson

Kathleen A. Stephenson

Kathleen A. Stephenson is of counsel with the Philadelphia office of Pepper Hamilton LLP.

Rent Property to Charity and Win

A donor owns property that he rents to third parties — property that a charitable organization could use to house its offices or one of its programs. The donor would like to benefit a charity and claim a federal income- and gift-tax deduction for the donation but doesn’t want to part with the property. What options are available?