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​​​​A parish, school, or location that is offered real property, securities, other noncash gifts, or mineral, oil, and gas rights should not accept the gift without previous consultation with the archdiocese. The archdiocese generally does not recommend holding gifts in the form of real property, stock, mutual funds, or other non​cash gifts, but the sales transactions can involve legal complexities that require archdiocese participation and appropriate signatures on all transfer documents. Sales generally do not result in any taxable income for the recipient entity. Under "Unrestricted or Undesignated Donations to a Parish," see Noncash Donations (Securities and Real Estate)​​.


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