The house, which served as Snyder’s main residence for near twenty years, went in the marketplace in February 2023 with an asking value of $49 million. Snyder diminished the worth to $34.9 million after it sat in the marketplace for six months.
The itemizing was eliminated Monday, in response to Zillow.
Property information present that ACS Growth Firm I Inc., which owns and operates actual property for the American Most cancers Society, bought the house for $0 on March 7. A spokesperson for the American Most cancers Society mentioned the group intends to promote the property and use the proceeds “to advance our mission of bettering the lives of most cancers sufferers and their households.”
Snyder’s spouse, Tanya, the previous co-CEO of the Commanders, was recognized with breast most cancers in 2008 and, after present process surgical remedy, was a famous advocate for most cancers consciousness. She helped launch the NFL’s “Assume Pink” marketing campaign, and ACS acknowledged her as its “Mom of the 12 months” in 2013.
“We’re extremely grateful for the present, and the generosity can’t be overstated,” Karen Knudsen, CEO of the American Most cancers Society, wrote in a launch by the group.
The donation has important tax advantages for Snyder. He had reportedly been making an attempt to promote River Home since 2018, and absent a purchaser, donating the property was a extra sensible answer than sitting on it and paying taxes; the property’s assessed tax worth for 2022 was near $18 million.
By donating the actual property to a charity, Snyder can declare a deduction to his earnings tax that is the same as the appraised worth of the property. So, as an example, if the property had been appraised at $45 million, he would obtain a tax deduction of $45 million. And he wouldn’t pay taxes on the achieve, which he would have had he bought the property to a personal purchaser.
Snyder couldn’t be reached for remark.
In a 2022 submitting in the UK, Snyder listed England as his traditional residence.
Snyder additionally owns a 16.5-acre property close to Mount Vernon that he bought for $48 million in November 2021 in addition to property in Aspen, Colo.
