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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 Eckerd College 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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Eckerd College 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 Eckerd College 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 (727) 864-8229 so that we can assist you through
every step of the process.
Judi Schraer
Director of Gift Planning
Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711
(727) 864-8229
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