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Planned Giving

Bargain Sale

A Bargain Sale is a simple agreement in which the donor sells securities, land / property, tangible personal property, or other assets to the SD Historical Society Foundation for less than their current market value.

Example:

The donor sells property worth $40,000 with a cost basis of $40,000 to the SD Historical Society Foundation for $20,000.

Benefits:

1. The donor receives an income tax benefit for the reduced values of the donation.

2. The donor receives a cash payment from the SD Historical Society Foundation.

3. The donor removes the property from the estate and reduces future estate taxes.

4. The donor provides a valuable benefit to the SD Historical Society Foundation.