You sell your residence or other property to the University of South Carolina or one of its affiliated
foundations for a price below the appraised market value — a transaction that is part charitable gift
and part sale.
The University of South Carolina or one of its affiliated foundations may use the property, but usually
elects to sell it and use the proceeds of the sale for the gift purposes you specified.
You receive an immediate income tax deduction for the difference between the sale price and 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.