Planned Giving

Make an impact and ensure The Associated's future viability and strength by leaving us a bequest in your will or living trust.

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Donor Stories

Suzanne F. Cohen
The enduring legacy of Suzanne F. Cohen (1935-2018) continues to serve and provide for our Baltimore community. An arts enthusiast, Suzanne was thoughtful about her philanthropic decisions. During her lifetime, Suzanne established the "Nathan L. and Suzanne F. Cohen Philanthropic Fund" to support emergent Jewish issues and the "Cohen Opportunity Fund" to create access to opportunities in underserved communities. That legacy lives on through her family. In addition, Suzanne created the "Nathan L. and Suzanne F. Cohen Annual Campaign Endowment Fund" to endow a permanent gift to The Associated Annual Campaign.
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Dixie and Neil Leikach
Dixie and Neil Leikach are both committed Associated leaders with the Baltimore-Ashkelon Partnership Committee.
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Liz and Donni Engelhart
As donor-advised Impact fund holders, the Engelharts established a fund that allows young donors to contribute over a 5 year period.
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You are at: Planned Giving > Gift Options > How to Give > Bargain Sale

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Bargain Sale

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.

Benefits of a bargain sale

  • Avoid capital gains tax on your charitable gift
  • Receive a tax deduction that will reduce your tax bill this year
  • Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
  • Help The Associated further our important charitable work

How a bargain sale works

  1. You sell your property to The Associated for a price less than fair market value.
  2. You receive cash from the sale.
  3. You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
  4. While you may owe some tax on the sale proceeds you receive from The Associated, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

More on bargain sales

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

Contact us

If you have any questions about a bargain sale, please contact us. We would be happy to assist you and answer any questions you might have.

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Harry Greenstein Legacy Society

If you have already made plans to remember The Associated in your estate plans, we invite you to join The Harry Greenstein Legacy Society so we may acknowledge your thoughtfulness and generosity.
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