Charitable Bargain Sales

How it works

	You sell your residence or other property to Asheville School for a price substantially below the appraised market value, resulting in a transaction that is part charitable gift and part sale.
	Asheville School 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 Asheville School during your lifetime.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about Charitable Bargain Sales, Email us, complete the Information Request form, or call us at 828-254-6345 ext. 4084 so that we can assist you.