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With a Bargain Sale, you sell your property for less than fair market value in exchange for cash from the sale and reduced income taxes. The difference between the amount you receive and the selling price of the property is then given to the local, regional, or global ministry that you choose.
You sell your property to the Foundation for a price that is less than fair market value. Once we liquidate the asset, the value of your gift-fair market value minus the cash you receive-is given to the ministry that you designate. You receive cash from the sale and can take a charitable deduction on the amount that is given to ministry. A Bargain Sale is often referred to as a Part-Gift, Part-Sale transaction.
To run a personalized presentation about how a Bargain Sale would work for you, click here.