Planned Giving
Leave a legacy that lasts...
Charitable Bargain Sales
CLICK HERE FOR A DETAILED EXPLANATION
|
How it works
 |
You sell your residence or other property to Earlham School of Religion for a price below the appraised market value, resulting in a transaction that is part charitable gift and part sale. |
 |
Earlham School of Religion may use the property, but it usually elects to sell it and uses the net proceeds of sale for the gift purpose(s) you specified. |
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 have the satisfaction of making a significant gift to Earlham School of Religion during your lifetime.
More
- Is this gift for you? Click here.
- Read more detail. Click here.
To learn more about charitable bargain sales, Email us, complete the Information Request Form, or call us at 1-800-432-1ESR so that we can assist you.
Planned Giving content © Copyrighted 2008 VirtualGiving