Planned Giving

Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram

How It Works

  1. You sell property to USF for less than its fair-market value—usually what you paid for it
  2. USF pays you cash for agreed sale price, and you receive an income-tax deduction
  3. USF may use or sell the property

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis)
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
  • USF receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Lisa Sampalis
Vice President for University Advancement
University of St. Francis
815-740-5065
LSampalis@stfrancis.edu

 

500 Wilcox Street
Joliet, Illinois 60435

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