Planned Gifts

Planned Gifts

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Bargain Sale

Fred Hutchinson Cancer Research Center purchases your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

Bargain Sale
Property
Sale Portion
Fred Hutch

How a Bargain Sale Works

  1. You sell the Hutchinson Center your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for your gift to the Hutchinson Center (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from Fred Hutchinson Cancer Research Center, the charitable deduction from your gift could offset your taxes.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill.
  • You may reinvest the cash received from the sale to create more income for your future.
  • Leave a lasting legacy to the Hutchinson Center.

scriptsknown

The purpose of these web pages is to provide general educational information about charitable gifts, financial considerations and estate planning. They are not intended as legal, accounting or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisers should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document.

Fred Hutchinson Cancer Research Center is a world leader in research to prevent, detect and treat cancer and other life-threatening diseases.