Charitable Bargain Sale
Make a gift to us while getting cash to meet your obligations, or an assured stream of income for retirement.
How It Works
- You sell your residence or other property to University of Houston-Clear Lake for a price below the appraised market value—a transaction that is part charitable gift and part sale.
- University of Houston-Clear Lake 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.
Next
- More details on Charitable Bargain Sales.
- Frequently asked questions about Charitable Bargain Sales.
- Contact us so we can assist you through every step.
Download Estate Planning Guide
You worked hard to build your wealth, so make sure your plans for it are respected. Download your estate planning guide to get started. We hope you consider University of Houston-Clear Lake in your process.
Contact Us
Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.
Sherrie A. Mueller, Director of Planned Giving
muellersh@uhcl.edu
281-283-2039