Planned Giving at Archdiocese of Philadelphia

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Charitable Bargain Sales

CLICK HERE FOR A DETAILED EXPLANATION

How it works

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

The Archdiocese of Philadelphia 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 Archdiocese of Philadelphia during your lifetime.

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To learn more about charitable bargain sales, Email us, complete the Information Request Form, or call us at 215-587-5650 so that we can assist you.