Planned Giving
Charitable Bargain Sale: The Details
Is this gift right for you?
A charitable bargain sale is for you if…
- You want to donate property to Indian River State College Foundation, while retaining some of its value for your personal needs.
- You want to give us real estate, securities or other assets that we can sell for our benefit.
- You are willing to sell your property to us for an amount below its fair market value.
- You are looking for a gift plan that can reduce your capital gains liability, generate a charitable deduction, and give you cash for your property.
With the charitable bargain sale you sell real estate or other marketable property to us at less than fair market value. The transaction gives you cash that you can use, plus a charitable income tax deduction for the discount you took from the market value.
We mutually agree on the purchase price for your property, and on whether we will pay you in a lump sum or through an installment note.
The bargain sale is the only gift plan that can give you both:
- a lump sum of cash, and
- a charitable deduction.
Please contact us so that we can assist you through every step of the process.
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Create a Lasting Legacy
Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.
Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:
- Gifts through a will or trust
- Charitable trusts and gift annuities
- Donation of stocks and mutual funds
If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.
