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You are at: Planned Giving > Gift Options > How to Give > Bargain Sale

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Bargain Sale

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.

Bargain Sale
Property
Sale Portion
UNCF
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Benefits of a bargain sale

  • Avoid capital gains tax on your charitable gift
  • Receive a tax deduction that will reduce your tax bill this year
  • Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
  • Help UNCF further our important charitable work

How a bargain sale works

  1. You sell UNCF your property for a price less than fair market value.
  2. You receive cash from the sale.
  3. You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
  4. While you may owe some tax on the sale proceeds you receive from UNCF, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

More on bargain sales

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

Contact us

If you have any questions about a bargain sale, please contact us. We would be happy to assist you and answer any questions you might have.

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Donate by Mail or Phone

By phone:

Use your credit card to donate over the phone. Our Donor Service team is available to help you between the hours of 9:00 am and 5:00 pm EST Monday through Friday. Donation Phoneline: (202) 810-0240.

By mail:

Print out the form below and send it with your gift to:

UNCF(United Negro College Fund)
Attn: Denise Scott, Direct Response Programs
1805 7th Street, N.W.
Washington, DC 20001

Printable Donation Form

Stock Transfer Instructions

Broker Merrill Lynch
DTC# 5198
Credit to: UNCF-United Negro College Fund Short-Term Investments
Acct# Number 850-04J86
Contact Karen Munoz - 212-382-8429
UNCF Tax ID # 13-1624241

Prior to transfer, please send me the name of the donor, name of stock and number of stock shares so that we may properly credit our records and provide an official receipt for tax records.

Other Ways to Donate

Workplace Giving: Give a little each payday; help a lot of students make it through college... Check it out

Honor/Memorial Giving: Honor or memorialize your loved one this holiday season...Make an honor / memorial gift

Monthly Giving: Do your small part this holiday season. Pledge a small monthly gift to help keep a kid in college. Pledge now

Planned Giving: Year's end is the best time to look at UNCF's planned giving options. Read now

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United Negro College Fund, Inc., is a recognized 501(c)3 nonprofit; federal EIN, 13-1624241
PRIVACY STATEMENT

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.