Monday–Friday 8 am–5 pm CT

Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram

How It Works

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

Benefits

  • 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 Menninger Clinic Foundation receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Kevin Harwerth
Senior Director of Development
kharwerth@menninger.edu
713-275-5180

 

The Menninger Clinic
12301 Main Street
Houston, Texas 77035

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The Menninger Clinic is a 501(c)3 nonprofit, charitable organization. Our Form 990 is available on GuideStar. Our Statement of Operations is available hereOur philanthropy Privacy Policy is available here.