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Charitable Bargain Sale


How It Works

  • You sell your residence or other property to The University of Toledo Foundation for a price below the appraised market value—a transaction that is part charitable gift and part sale.
  • The University of Toledo Foundation may use the property, but usually elects to sell it and use the proceeds of the sale for the gift purposes you specified.

Benefits

  • You receive an immediate income tax deduction for the discount you took from the appraised market value of your property.
  • You pay no capital gains tax on the donated portion of the property.
  • You can receive payment from us in a lump sum, or in fixed installments.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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The University of Toledo Foundation | 2801 W. Bancroft St., MS#319 | Toledo, Ohio 43606-3395
419.530.7730 | utfoundation@utoledo.edu