Real Estate—Bargain Sale

How It Works

1. You sell property to Gilman for less than its fair-market value—usually what you paid for it
2. Gilman pays you cash for agreed sale price, and you receive an income-tax deduction
3. Gilman 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
• Gilman receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Heather Harlan Warnack Director of Development hwarnack@gilman.edu Mary Ellen Porter Associate Director of Development & Director of Planned Giving meporter@gilman.edu

Gilman School 5407 Roland Avenue Development Office Baltimore, MD 21210 410-323-7178 Federal Tax ID Number: 52-0591604