​16.1.4 Gifts of Real Property and Investments​​​​

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 Office of Financial Services and/or Real Estate Department. The archdiocese generally does not recommend holding gifts in the form of real property, stock, mutual funds, or other non​cash gifts, and the sales transactions can involve legal complexities that require archdiocese participation and appropriate signatures on all transfer documents, such as the Stock Transfer to the Archdiocese of Los Angeles and the Notice of Stock Transfer to the Archdiocese of Los Angeles.  Sales generally do not result in any taxable income for the recipient entity. See "Noncash Donations (Securities and Real Esta​te)​​" under Unrestricted or Undesignated Donations to a Parish.​