Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram. Description of image is listed below.

How It Works

  1. You sell property to UA Foundation for less than its fair-market value—usually what you paid for it
  2. UA Foundation pays you cash for agreed sale price, and you receive an income-tax deduction
  3. UA Foundation may use or sell the property

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis)
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
  • UA Foundation receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Harry Need, CFRE
Senior Director of Philanthropic Services
hwneed@alaska.edu
907-786-4840
Tax ID: 23-7394620

 

ANCHORAGE OFFICE
University of Alaska Foundation
1815 Bragaw Street, Suite 206
Anchorage, AK 99508
907-786-1111
foundation@alaska.edu

FAIRBANKS OFFICE
University of Alaska Foundation
2025 Yukon Drive, Suite 208
PO Box 755080
Fairbanks, AK 99775
907-450-8030
foundation@alaska.edu

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