With this type of gift, the donor sells appreciated property to the Purdue Research
Foundation for less than the present fair market value. A charitable deduction
is allowed for the difference between the sales price and the fair market value.
The donor incurs gain on the difference between the sales price and the cost
basis allocated to the sale element.
Taxation: The donor is taxed on sale proceeds
(capital gain).
Benefits:
- Tax deduction based on value of property and sales prices.
- Avoidance of capital
gains tax on gift portion.
For more information, please call the Planned Giving Office at (800) 677-8780
or e-mail plangift@purdue.edu.
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