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Bargain Sale

Bargain Sale
Property
Sale Portion
Bargain Sale
The Bishop's School purchases your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

How a Bargain Sale Works

  1. You sell The Bishop's School your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for your gift to The Bishop's School (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from The Bishop's School, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
  • With the cash received from the sale, you may then reinvest to create more income for your future.
  • Best of all, your gift will help The Bishop's School further its work.

scriptsknown
THE BISHOP’S SCHOOL     7606 La Jolla Boulevard     La Jolla, CA 92037     (858) 459-4021
Founded in 1909 and affiliated with the Episcopal church, The Bishop’s School is an independent coeducational college preparatory day school for students in grades six through twelve who live throughout San Diego County.
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