Charitable Bargain Sale

How It Works

	You sell your residence or other property to the Billy Graham Evangelistic Association for a price below the appraised market value, resulting in a transaction that is part charitable gift and part sale.
	BGEA may use the property, but it usually elects to sell the property and use the proceeds of the sale for the purpose or purposes you specify.

Benefits

• You receive an immediate income tax deduction for the appraised market value of the portion of the property you donated.
• You pay no capital gains tax on the donated portion of the property.
• You can use cash from the sale portion to retire a mortgage or purchase other property.
  
• You can have the satisfaction of making a significant gift to BGEA during your lifetime.