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The Foundation
  of the Roman Catholic Diocese of Albany, NY
 

 
 
     

Gift during your lifetime

Make an outright gift

Make a gift in partnership

Charitable Gift Annuities

Deferred Gift Annuities

Charitable Remainder Trusts

Charitable Lead Trust

Retained Life Estates

Charitable Bargain Sales

Gift after your lifetime

Planned Giving Calculator

 

Ways To Give
Make a gift during your lifetime

Charitable Bargain Sales
(An Alternative Source of Income)

How it Works
   
You sell your residence or other property to Roman Catholic Diocese of Albany for a price substantially below the appraised market value, resulting in a transaction that is part charitable gift and part sale.
   
The Diocese usually elects to sell the property and uses the net proceeds of the sale for the purpose or purposes you specify.
   
   
Benefits
   
  • You receive an immediate income tax deduction for the appraised market value of the portion of the property you donated.
  • You pay no capital gains tax on the donated portion of the property.
  • You can receive cash from the sale portion to retire a mortgage or for other purposes.
  • You can have the satisfaction of making a significant gift to the Diocese during your lifetime.

 

 
 
 

Development and Stewardship Office
Roman Catholic Diocese of Albany
40 North Main Avenue
Albany, NY 12203
518-453-6657
E-mail:
thomas.prindle@rcda.org