Charitable Bargain Sale
How It Works
- You sell your residence or other property to The Foundation for the Diocese of Helena for a price below the appraised market value—a transaction that is part charitable gift and part sale.
- The Foundation for the Diocese of Helena 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.