How It Works

• You sell your residence or other property to North Carolina State University/College of Agriculture and Life Sciences for a price below the appraised market value — a transaction that is part charitable gift and part sale.
• CALS 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

• More detail on Charitable Bargain Sales.
• Frequently asked questions about Charitable Bargain Sales.
• Contact us so we can assist you through every step.

The material presented on this Planned Giving website is not offered as legal or tax advice.
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