FundSvcs Community

I've somehow found myself with another unusual situation right after my last post. A donor is interested in gifting a parcel of land and the building on it, and leadership has suggested that we make a partial payment of the value and acknowledge the remainder as a charitable gift. This sounds like bifurcation to me, but I don't have direct experience with gifts of real estate, so I'd appreciate feedback from someone who's more familiar with that side of the law. I have been thinking of this in the same vein as any other in kind gift based on prior research. I'd be very grateful for any further advice or recommendations!

The phrasing was along the lines of "splitting the price" so I inferred they have a valuation they want to divide between a sale and charitable gift, and it sounds like it may qualify as a bargain sale. We're already planning on touching base with our Legal team, so having this reference to ensure we're using the right language will be very helpful! Thank you!