Bargain Sale
You may own a capital asset, such as securities or real estate, which you would be able to donate to Dartmouth if you could recover a portion of its value.
This can be accomplished through a bargain sale where Dartmouth purchases the asset at less than its fair market value.
The actual sale price can be negotiated.
You would be able to take a charitable income tax deduction for the difference between the sale price and the property’s fair market value. You would, however, be responsible for a partial capital gain tax on any recovered portion of the property’s value.
“President Kemeny told us, ‘Remember, you are your brother’s keeper.’ I thought, ‘No, I’m not. I’m going to Wall Street.’ So what happened? Thirty-four years later I get that I’m my brother’s keeper.” —Chris Gates ’74
