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How does it work?
It's called a charitable bargain sale.
  • You sell us your residence or other property for substantially less than the appraised market value. We pay you in cash.
  • This results in a transaction that is part sale, part gift.
  • You receive an immediate income tax deduction for the value of the gift portion.
  • You pay no capital gains tax on the gift portion.
  • You receive cash to retire a mortgage or for other purposes.

Associate Alumnae of Douglass College
Office of Gift Planning
181 Ryders Lane
New Brunswick, NJ 08901-8557
732-932-2880 | 732-932-2883 (fax)
E-mail: chamlin@winants.rutgers.edu

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REMINDER
If you are including Douglass in your will or other financial or estate plans, please remember to review the wording of your designations to ensure that your gift is specifically for "The Douglass Fund," as you intend. The correct wording for gifts and bequests to The Douglass Fund is: The Associate Alumnae of Douglass College for The Douglass Fund. If you use other wording, your gift may not reach The Douglass Fund.

 

 

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