Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram

How It Works

  1. You sell property to the College at Oneonta Foundation for less than its fair-market value—usually what you paid for it
  2. The College at Oneonta Foundation pays you cash for agreed sale price, and you receive an income-tax deduction
  3. The College at Oneonta Foundation may use or sell the property


  • 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
  • The College at Oneonta Foundation receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Jill Mirabito
Director of Gift Planning
Phone: 607-436-2781
Mobile: 607-427-4642


308 Netzer Administration Building
Oneonta, NY 13820


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