Planned Giving Bargain Sale

It may be possible to offset capital gains taxes on the sale of an appreciated asset such as real estate or securities when you donate part of the asset to a charitable entity and sell the other part in a “Bargain Sale.” Suppose you want to raise cash to accomplish a short term objective, such as paying the entrance fees to a life care residential community. In a Bargain Sale arrangement, you may be able to achieve a tax deduction just large enough to offset the tax due on the cash received.

If you would like more information, please contact Lisa Bennett, Director of Fund Development, at (831) 333-9023 or send an email to Lisa Bennett.