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Charitable Bargain Sales Click Here for Detailed Explanation

How It Works

	You sell your residence or other property to The University of North Carolina at Asheville Foundation, Inc for a price substantially below the appraised market value, resulting in a transaction that is part charitable gift and part sale.
	The UNC Asheville Foundation, Inc. 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 UNC Asheville Foundation, Inc. during your lifetime.

More

• Read more detail.Click here.
  
  

For more information

If you are considering a charitable bargain sale, email us, complete the personal illustration form, or call us at (828) 232-2430 so that we can assist you through every step of the process.