Charitable Bargain Sales
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How it works
You sell your residence or other property to KCET for a price below the appraised market value, resulting in a transaction that is part charitable gift and part sale.
The KCET 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 KCET during your lifetime.
More
To learn more about charitable bargain sales, Email us, complete the Information Request Form, or call us at (323) 953-5300 so that we can assist you.
