Planned Giving
- Provide Vital Community Support
- Enjoy Tax Benefits
- Contribute to a Bright Future
IRA Charitable Rollover
An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
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Charitable Remainder
Unitrust
You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. A charitable remainder unitrust might offer the solutions you need!
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Bargain Sale
Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.
Bargain Sale
Property
Sale Portion
Benefits of a bargain sale
- Avoid capital gains tax on your charitable gift
- Receive a tax deduction that will reduce your tax bill this year
- Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
- Help Community Foundation of Greater Huntsville further our important charitable work
How a bargain sale works
- You sell Community Foundation of Greater Huntsville your property for a price less than fair market value.
- You receive cash from the sale.
- You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
- While you may owe some tax on the sale proceeds you receive from Community Foundation of Greater Huntsville, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.
More on bargain sales
A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.
Contact us
If you have any questions about a bargain sale, please contact us. We would be happy to assist you and answer any questions you might have.