Charitable Bargain Sale

Bargain Sale Diagram

How it Works

  • You sell your residence or other property to Exeter for a price below the appraised market value — a transaction that is part charitable gift and part sale.
  • Exeter 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.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers


What if the property has a mortgage or other lien on it?

Can I arrange for a gift annuity with the sale proceeds of the deal?