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Charitable Bargain Sales
With the Charitable Bargain Sale, you sell your residence or other property to the Opera at less than its fair market value. The transaction gives you cash that you can use to purchase your next home or as the entry fee for a retirement facility, plus a charitable income tax deduction for the discount you took from the market value.
We mutually agree on the purchase price for your property, and on whether the payments are in a lump sum or through an installment note. The real estate is sold by the Opera, with the remaining proceeds supporting the Opera’s work.
The bargain sale is the only gift plan that can give you both:
Thoughtful gift planning ensures maximum benefits for you and for the Opera. For additional information on planning your gift or for an individualized illustration, provided confidentially, please contact:
Washington National Opera
Steve I. Schneider, Esq., Director of Planned Giving
2600 Virginia Avenue NW, Suite 301
Washington , DC 20037
202-295-2418 | Fax: 202-295-2479
E-mail: sschneider@dc-opera.org
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The type of gift you make determines your tax benefits, and tax laws frequently change. You should consult your own legal and tax advisors regarding planned gifts to Washington National Opera.