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Charitable Bargain Sales
(Gift illustration)
How it works
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You sell your residence or other property to Pomona College for a price below the appraised market value, resulting in a transaction that is part charitable gift and part sale. |
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Pomona College 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 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 use cash from the sale portion to retire a mortgage or purchase other property.
- You have the satisfaction of making a significant gift to Pomona College during your lifetime.
For more information
Email us, complete the personal illustration form, or call us at (909) 621-8143 or (800) 761-9899 so that we can assist you through every step of the process.
Pomona College
Trusts and Estates
550 North College Ave
Alexander Hall 235
Claremont, CA 91711
(909) 621-8143 or (800) 761-9899
Fax: (909) 621-8654
pomonaplan@pomona.edu
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