Charitable Bargain Sale

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  • Real Estate

  • Tangible Property

How it works:

  1. You sell an asset that you have held for more than one year to Berkeley for less than the fair market value; therefore your transaction is part gift, part sale.
  2. Generally, Berkeley will sell the property and use the proceeds to support campus programs you specify.
  • Income Tax Deduction

  • Capital Gains Tax Benefit

How you Benefit:

  • Receive an income tax charitable deduction for the full fair market value of the portion of the property you gift to Berkeley.
  • Your basis in the property is prorated between the gift and sale portions; your capital gains tax is reduced.
  • You receive cash from the sale portion of the transaction.
For more in-depth information, please call one of our experts at 800-200-0575.