How It Works

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