This method of charitable donation may meet your needs if the current value of the property is more than you want to donate or if it is not practical or economical to divide the property.
You may transfer ownership of appreciated real estate, securities or other asset to Saint Mary's Foundation in return for an agreed-upon amount that is less than the full fair market value, usually your original cost.
- You sell your asset to us for less than its fair market value, making the transaction part gift and part sale.
- You are entitled to a charitable deduction based on the difference between the sale price to us and the full fair market value.
- You will be taxed only on the part of the appreciation attributable to the sale.
Discuss donating by bargain sale with a member of our staff now. You can contact us by email at paul.laxalt@chw.edu, by fax at (775) 770-3545 or by telephone at (775) 770-3519.
The information on this site is not intended as legal advice. For legal advice, please consult an attorney.
