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Our mission is to secure the financial future of Noah Homes and share our exceptional model of care globally.

In California alone, there are more than 350,000 people with developmental disabilities. Within this underserved population, people with Down syndrome are nearly 6 times more likely to develop Alzheimer's disease than people who do not have Down syndrome.

At the same time, according to the County Welfare Directors Association of California and Regional Council of Homelessness, older adults are the fastest-growing segment of California's homeless population, with nearly half of unhoused older people experiencing their first episode of homelessness after age 50.

We need more housing and services for more people in more places, and we need it yesterday. You can help us achieve our dream by donating to our Foundation.

Gift Planning

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.

Flowchart: Donor sells property to NAAF below fair market value and claims a charitable deduction for the difference between fair market value and the sale price.

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 Noah's Ark Angel Foundation further our important charitable work

How a bargain sale works

  1. You sell Noah's Ark Angel Foundation your property 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 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 Noah's Ark Angel Foundation, 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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