Planned Giving
» Ways To Help
Join us for a Food for Thought Tour Read our stories of Hope and Courage Volunteer with us!
Welcome to our new website! If you are not sure where to find what you are looking for, click here to get an overview of the new layout.
Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
Mobile Video Button

Bargain Sale

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.

Bargain Sale
Property
Sale Portion
SHFBCFL
Charity image

Benefits of a bargain sale

  • Avoid capital gains tax on your charitable gift
  • Receive a tax deduction that will reduce your tax bill this year
  • Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
  • Help Second Harvest Food Bank of Central Florida further our important charitable work

How a bargain sale works

  1. You sell Second Harvest Food Bank of Central Florida your property for a price less than fair market value.
  2. You receive cash from the sale.
  3. You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
  4. While you may owe some tax on the sale proceeds you receive from Second Harvest Food Bank of Central Florida, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

More on bargain sales

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

Contact us

If you have any questions about a bargain sale, please contact us. We would be happy to assist you and answer any questions you might have.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown
Stay Connected
Like us on Facebook Follow us on Twitter Follow us on Instragram Add us on Google Follow us on LinkedIn Watch our videos on Youtube
Florida Associations of Food Banks member A Catalyst Kitchen Member Heart of Florida United Way A Member of Feeding America