Bargain Sale
Sell property to charity at below market value to create a charitable gift for K-LOVE and receive immediate financial benefits.
A bargain sale is a unique way to turn appreciated property into both cash for you and a charitable gift for K-LOVE. In a bargain sale, property is sold to a charity for less than its fair market value. The difference between the sale price and the property's fair market value is considered a charitable contribution, which may qualify for a significant tax deduction.
Please note: K-LOVE does not facilitate property purchases directly, but we can connect you with a trusted third-party organization that can help structure and complete a bargain sale gift.
Benefits of a bargain sale
- Receive immediate cash from the sale
- Qualify for a charitable income tax deduction based on the gift portion
- Reduce or eliminate capital gains tax on the charitable portion
- Use the cash for retirement, reinvestment, or other financial goals
- Create a lasting impact by supporting the ministry of K-LOVE
Bargain sale video
How a bargain sale works
- You sell your property to a qualified charitable organization (or a trusted third party) for less than its fair market value.
- You receive cash from the sale and claim a charitable deduction for the difference between the property's fair market value and the sale price.
- The charitable deduction may offset capital gains tax on the sale portion.
- The charity may retain the property or sell it to support their mission—K-LOVE benefits from the gift portion of the transaction.
Important considerations
A bargain sale can often be arranged even if your property has an existing mortgage. Because debt relief and partial sales can have complex tax implications, we strongly recommend consulting your financial or tax advisor before initiating a bargain sale.
Contact us
If you're interested in exploring a bargain sale, we'd be happy to discuss your goals and connect you with our trusted partners who can assist with the process. Your gift could help bring the hope of Jesus to millions through K-LOVE's ongoing ministry.
