Dan Snyder Donates Home to American Cancer Society
By • April 8, 2024 0 452
Former owner of The Washington Commanders Dan Snyder listed his home in Potomac at a whopping $49 million. The price would have set a record for the area, but after no luck selling, the price was cut by $15 million. That did not attract any new potential buyers, so Snyder made the move to donate his mansion to the American Cancer Society.
Snyder lived in the home for nearly 20 years and originally listed it on the market in February 2023. He originally purchased part of the property from King Hussein and Queen Noor of Jordan in 2001 for $8.64 million. He slowly acquired 15 total acres after his original purchase.
The home, named “River House,” is 30,000 square feet.
Snyder’s wife Tanya (who was former co-CEO of the Commanders), was diagnosed with breast cancer in 2008 and helped launch the NFL’s “Think Pink” campaign.
A spokesperson for The American Cancer Society said in a press release that the organization wants to sell the property and use the money from the sale to advance their mission to improve the lives of cancer patients and their families.
Snyder’s donation of course has large tax benefits. By donating the home to a charity organization, he can claim a tax deduction that is equal to the value the property is appraised.
