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Gift Planning Resources

Explore additional resources to help you with your tax planning and making a gift in support of our CMC mission. Your designation will determine use of your gift for operations or endowment with the CMC Foundation. Undesignated gifts will be used in the area of greatest need. Contact us for more information about ways you can support our organization or let us know if you have given to us in the past.

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Many people who care deeply about Colorado’s mountains choose to support the Colorado Mountain Club in different ways, including gifts that sustain education, stewardship, and access for future generations to inspire and care for the places that shape us.

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Giving Home > How to Give > Bargain Sale

Bargain Sale

We purchase your property for less than fair market value. You receive cash and a substantial charitable deduction for the difference between the market value and purchase price.

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 Colorado Mountain Club further our important charitable work

Bargain sale video

How a bargain sale works

  1. You sell Colorado Mountain Club 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 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 Colorado Mountain Club, 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.