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:

  • 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.
  • You will receive $25,000 from Salus University.
  • Your estate may enjoy reduced probate costs and estate taxes.
  • You will provide generous support of Salus University.

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