Charitable Bargain Sale

Bargain Sale Diagram

How It Works

  • You sell your residence or other property to Mercy Foundation North for a price below the appraised market value—a transaction that is part charitable gift and part sale.
  • Mercy Foundation North may use the property, but usually elects to sell it and use the proceeds of the sale for the gift purposes you specified.

Benefits

  • You receive an immediate income tax deduction for the discount you took from the appraised market value of your property.
  • You pay no capital gains tax on the donated portion of the property.
  • You can receive payment from us in a lump sum, or in fixed installments.

Next


The material on this website is not offered as legal or tax advice. Please consult with your professional advisors prior to any gift.
Read full disclaimer|Sitemap|Planned Giving Content © 2019 PlannedGiving.com