Press Room: Article
April 24, 2024
The Bargain Sale: Exploring an Alternative to Outright Charitable Giving
Often overlooked in philanthropic planning, the bargain sale can serve as a valuable tool for both taxpayers and charities alike. Typically concerning less traditional assets such as real estate, artwork, or other collectibles, bargain transactions involve the discounted sale of an asset between two participants, a taxpayer as the seller of the property and a public charity as the purchaser. As additional consideration for the allocated discount, taxpayers are granted a charitable tax deduction equal to the discount component.