Gift Planning Tools

Charitable Bargain Sales
(Gift illustration)

How it works

You transfer an undivided partial interest (say 55%) in your residence or other property to the WVU Foundation.

You join with the WVU Foundation to sell your residence or other property, resulting in a transaction that is part charitable gift and part sale.

The WVU Foundation will use the proceeds of the sale for the gift purposes you specified.

Benefits

• You receive an immediate income tax deduction for the appraised market value of the undivided partial interest portion of the property you donated.
• You pay no capital gains tax on the donated portion of the property.
• You use cash from the sale portion to retire a mortgage or purchase other property.
• You have the satisfaction of making a significant gift to benefit West Virginia University during your lifetime.
• You may specify that your gift will be used to create a permanent endowment fund.

For more information

Email us, complete the personal illustration form, or call us at so that we can assist you through every step of the process.

West Virginia University Foundation
One Waterfront Place, 7th Floor
Morgantown, WV 26501
(304) 284-4000