Patio Gardens

Parents

1992 In 1992, he donated Patio Gardens to the National Kidney Foundation of New York/New Jersey, one of the largest charitable donations he ever made.
1992 The greater the value of Patio Gardens, the bigger his deduction. The appraisal cited in Fred Trump's 1992 tax return valued Patio Gardens at $34 million, or $61.90 a square foot.
Of all Fred Trump's properties, Patio Gardens was one of the least profitable, which may be why he decided to use it as a tax deduction.
Such was the case with Patio Gardens, a complex of nearly 500 apartments in Brooklyn.