Planned Giving at Kentucky Baptist Foundation
Charitable Gift Planning

Charitable Gift Planning

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Charitable Bargain Sale

Bargain Sale Diagram

How it Works

  • You sell your residence or other property to Kentucky Baptist Foundation for a price below the appraised market value — a transaction that is part charitable gift and part sale.
  • Kentucky Baptist Foundation may use the property, but usually elects to sell it and use the proceeds of the sale for the gift purposes you specified.

Benefits

  • You receive an immediate income tax deduction for the discount you took from the appraised market value of your property.
  • You pay no capital gains tax on the donated portion of the property.
  • You can receive payment from us in a lump sum, or in fixed installments.

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Kentucky Baptist Foundation
P.O. Box 436389
Louisville KY 40253-6389
502-489-3533 | Fax: 502-489-3564



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