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Charitable Bargain Sales
Click Here for Detailed
Explanation
How It Works
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You sell your residence
or other property to the Crohn's & Colitis Foundation for a price substantially
below the appraised market value, resulting in a transaction that
is part charitable gift and part sale. |
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The Crohn's & Colitis Foundation usually
elects to sell the property and uses the net proceeds of sale for
the purpose or purposes you specify. |
Benefits
- You receive an immediate income tax
deduction for the appraised market value of the portion of the property
you donated.
- You pay no capital gains tax on the
donated portion of the property.
- You can receive cash from the sale
portion to retire a mortgage or for other purposes.
- You can have the satisfaction of making
a significant gift to the Crohn's & Colitis Foundation during your lifetime.
More
For more information
If you are considering a charitable bargain sale, email us,
complete the personal illustration form,
or call us at (212) 685-3440 ext. 7448 so that we can assist you through
every step of the process.
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