Charitable Bargain Sales
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How it works
 | You sell your residence or other property to South Kent School for a price substantially below the appraised market value, resulting in a transaction that is part charitable gift and part sale. |
 | the School usually elects to sell the property and uses the net proceeds of 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 receive cash from the sale portion to retire a mortgage or for other purposes.
- You can have the satisfaction of making a significant gift to the School during your lifetime.
More
- Is this gift for you? Click here.
- Read more detail. Click here.
To learn more about charitable bargain sales, Email us, complete the Information Request Form, or call us at (860) 927-3539 x207 so that we can assist you.