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OnDemand Course

Charitable Bargain Sale Fundamentals

This ondemand webinar will cover the steps needed to complete a charitable bargain sale and keep you or your client's foundation compliant.

Bargain sales represent an important technique for philanthropic support for charitable organizations. However, many clients who are charitable organizations and/or donors to charitable organizations do not understand the rules governing charitable bargain sales. They also do not understand how to successfully complete a bargain sale gift. This ondemand webinar will define and explain the benefits of charitable bargain sales, providing many specific examples. The ondemand also shares the important steps to successfully complete a charitable bargain sale. Failing to accurately complete a bargain sale may disqualify the potential tax benefits for clients. This ondemand webinar is critical for advisors and charitable organizations to understand the important uses and requirements to complete bargain sale transactions.

Runtime: 56 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Definition and Benefits of Charitable Bargain Sale

  • Definition of Bargain Sale
    • Tax Code Requirements
    • Situations When Attractive for Charitable Organizations
  • Income Tax Benefit
  • Capital Gains Tax Benefit

How to Complete a Charitable Bargain Sale

  • Due Diligence
    • Marketability of Asset
    • Liability Concerns
  • Valuation
    • Appraisal Rules
    • IRS 8283 Form
  • Completion
    • Contract to Document Terms and Donative Intent
    • Deed of Transfer

Special Considerations

  • Debt-Encumbered Property
  • Like-Kind Bargain Exchanges
  • Installment Bargain Sales
  • Bargain Sales and Split Interest Gift Techniques: Charitable Gift Annuities, Charitable Remainder Trusts, Pooled Income Funds, Charitable Lead Trusts
  • Unrelated Business Income Tax
  • Specific Bargain Sale Transactions
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 31, 2015.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Philip M. Purcell, Esq

Philip M. Purcell, Esq

Consultant for Philanthropy, LLC

  • Thirty year career as gift planner, attorney and consultant for charitable organizations with a specialty in endowment building
  • Senior counsel for Philanthropy, Fellowship of Catholic University Students
  • Adjunct faculty, Indiana University Maurer School of Law and Lilly School of Philanthropy
  • Consultant to colleges, universities, community foundations and other nonprofit organizations
  • Frequent speaker and has written articles on charitable legal topics including endowments
  • J.D. and M.P.D. degrees, Indiana University; B.A. degree, Wabash College
  • Can be contacted at 765-730-4321or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 395924
Published 2015
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