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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.
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