Planned Giving

Charitable Bargain Sale

Bargain Sale Diagram

How It Works

  • You sell your residence or other property to the Academy of the New Church Secondary Schools (ANCSS), Bryn Athyn College of the New Church (BAC) and the General Church of the New Jerusalem (GC) for a price below the appraised market value—a transaction that is part charitable gift and part sale.
  • ANCSS, BAC, GC 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.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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