You sell your residence or other property to Cooperman Barnabas Medical Center (formerly Saint Barnabas Medical Center) for a price below the appraised market value—a transaction that is part charitable gift and part sale.
Cooperman Barnabas Medical Center may use the property, but usually elects to sell it and use the proceeds of the sale for the gift purposes you specified.
Benefits
You receive an immediate income tax deduction for the discount you took from the appraised market value of your property.
You pay no capital gains tax on the donated portion of the property.
You can receive payment from us in a lump sum, or in fixed installments.
