Creative Ways to Give

Personal Property Items

JBU receives many unique gifts. We have received works of art, cars, and many other items. You can even give your house or farm, and live in it until your death. If you have an item of value that JBU could use or sell, consider gifting it to the University, and allow us to help you dispose of it. You receive a charitable tax deduction for the value of the gift. If you are not sure about an item, feel free to call and discuss it with us.

What is a Bargain Sale?

A bargain sale is a simple agreement in which you sell securities, real estate, tangible personal property, or other assets to John Brown University for less than their current value.

Benefits Include:

1. You will qualify for a federal income tax deduction for the difference between the sale price and market value of the asset. Note that deductions for gifts of long-term appreciated property will be limited to 30% of your adjusted gross income. Gifts of cash and non-appreciated property will be limited to 50% of your adjusted gross income. You may, if necessary, take unused deductions of either kind over the next five years, subject to the same 30% or 50% limitation.
2. You will receive a check from John Brown University in the amount of your sale price.
3. If you sell an appreciated asset, you will incur tax on only part of your total gain in the asset.
4. Your estate may enjoy reduced probate costs and estate taxes.
5. You will provide generous support of John Brown University.