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Charitable Bargain Sale
Make a gift to us while getting cash to meet your obligations, or an assured stream of income for retirement.
How It Works
- You sell your residence or other property to McLean for a price below the appraised market value—a transaction that is part charitable gift and part sale.
- McLean 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.
Next
- Frequently asked questions about Charitable Bargain Sales.
- Contact us so we can assist you through every step.
The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.
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