Advocate Charitable Foundation

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Charitable Bargain Sales

An Alternative Source of Income

How it works

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