Outright Gifts

Bargain Sales

        You may have property that has appreciated in value, but you only want to give part of that value to the Church.  You may make a "bargain sale" of the property to the Archdiocese for less than its fair market value, usually your cost basis.  You thereby get cash in hand to recoup your original investment, while getting a charitable deduction for the donated difference.  You should note, however, that some of the cash recovered will be treated as a capital gain. For record purposes, the date of the sale is considered to be the date of the gift. Bargain sales require careful planning.  Please consult your tax adviser, legal counsel, or other financial planner, and contact the Office of Resource Development at the Archdiocese for further information.

Advantages:
*  Possible recovery of original investment
* Opportunity to make a substantial gift to the Church
* Charitable income tax deduction
* Reduction in capital gains tax
* Increased cash flow
* Estate tax and probate savings