Charitable Bargain Sale
In this type of charitable gift, you choose to sell your property to Warm Blankets Orphan Care for less than the fair market value. This is part sale and part charitable donation. Once Warm Blankets Orphan Care owns the property, they may choose to put it on market and may use the proceeds towards a specific purpose determined before the sale. The benefits include:
- Avoid capital gains taxes for a portion given to Warm Blankets Orphan Care
- Generate immediate liquidity
- Income tax deductions for a portion given to Warm Blankets Orphan Care
- Make a significant charitable donations