Charitable Bargain Sale

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How It Works

Real Estate

Tangible Property

  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.

How You Benefit

Income Tax Deduction

Capital Gains Tax 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 510-642-6300.