Charitable Bargain Sales
CLICK HERE FOR A DETAILED EXPLANATION
How it works
 You sell your residence or other property to the Atlanta Symphony Orchestra for a price below the appraised market value, resulting in a transaction that is part charitable gift and part sale.
 The the Atlanta Symphony Orchestra may use the property, but it usually elects to sell it and uses the net proceeds of sale for the gift purpose(s) you specified.
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 have the satisfaction of making a significant gift to the ASO during your lifetime.
More
To learn more about charitable bargain sales, Email us, complete the Information Request Form, or call us at (404) 733-4277 so that we can assist you.
Jessica Langlois
Special Gifts & Planned Giving Officer
Atlanta Symphony Orchestra
1280 Peachtree Street NE
Suite 4074
Atlanta, GA 30309
(404) 733-4277 | Fax: (404) 733-5294
jessica.langlois@woodruffcenter.org
|
