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Bargain Sale

Bargain Sale
Property
Sale Portion
JFNA
Bargain Sale
Your Jewish Federation, Jewish Community Foundation or The Jewish Federations of North America purchases your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

How a Bargain Sale Works

  1. You sell one of us your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for your gift (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from The Jewish Federations of North America, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
  • With the cash received from the sale, you may then reinvest to create more income for your future.
  • Best of all, your gift will help to support the Jewish community.

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Any tax consequences described on this page are based on U.S. federal tax law. Charitable deductions from state and local taxes or from Canadian and provincial taxes may not be available to the same extent as from U.S. federal taxes. The Jewish Federations of North America (JFNA) does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel. You may read JFNA's charitable solicitation disclosure statement here and important information about endowment gifts and bequests to JFNA here.