Giving Back

What Is A Bargain Sale?

A bargain sale is a simple agreement in which you sell securities, real estate, tangible personal property, or other assets to Salus University for less than their current value.

Example:

If you sell property worth $50,000 with a cost basis of $50,000 to Salus University for $25,000,

Benefits Include:

1. You will qualify for a federal income tax deduction of $25,000. Note that deductions for this and other gifts of cash and non-appreciated property will be limited to 50% of your adjusted gross income. You may, if necessary, take unused deductions of this kind on tax returns over the next 5 years, subject to the same 50% limitation.
2. You will receive $25,000 from Salus University.
3. Your estate may enjoy reduced probate costs and estate taxes.
4. You will provide generous support of Salus University.

For More Information Contact
Lynne C. Corboy,
Director of Development

215.780.1393
Fax 215.780.1396
lcorboy@salus.edu