Saddleback Medical Center Foundation purchases your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.
You sell Saddleback Medical Center Foundation your property for a price less than fair market value.
You receive the cash from the sale and a charitable deduction for your gift to Saddleback Medical Center Foundation (the difference between the market value and purchase price).
While you may owe some tax on the amount you receive from Saddleback Medical Center Foundation, the charitable deduction from your gift could offset your taxes this year.
Best of all, your gift will help Saddleback Medical Center Foundation further its work.