A Gift With A Return
For Michigan Tech and You
A bargain sale involves making a gift of property by selling it to the Michigan Tech Fund for less than its fair market value. The advantage of such a gift is that it allows you to claim a charitable deduction on the difference between the property's true value and the price paid by the Tech Fund. The bargain sale can be an effective way to dispose of property on which, because it has increased in value, you would otherwise owe a significant amount of capital gains tax. Because the bargain sale involves the use of unrestricted funds by the Tech Fund, it is most appropriate when the property involved is desired by Michigan Tech or easily converted into cash through a sale.
Contact the Office of Gift Planning for more information.
Benefits of Bargain Gifts
- Provides both a gift to Michigan Tech and cash back to you
- Partial charitable deduction to offset capital gains tax