Planned Giving

Leave a Legacy

Be remembered for your love of New York City by making a legacy gift to Robin Hood as we fight to to elevate New Yorkers out of poverty.

What is a Bargain Sale?

A bargain sale is a simple agreement in which you sell property, such as real estate or some other valuable asset, to Robin Hood for less than the property is worth.

It is possible to sell any sort of property to Robin Hood for a bargain price. In addition to real estate, you can complete a bargain sale arrangement with collectibles such as artwork or antiques, other personal property or securities. Please contact us about the property you are considering so we can discuss potentially acquiring the specific asset for a bargain price.

How It Works

You sell real estate or other property to Robin Hood for less than it is worth. You receive cash equal to your sale price immediately. Your property then becomes ours to use or sell.

Why It's Right for You

A bargain sale may be right for you if:

  • You want additional cash now.
  • You itemize your deductions and want to save income taxes.
  • You want to save capital gains tax on the sale of your property.
  • You own a valuable asset that you are willing to sell for less than it is worth.
  • You want to make a gift to Robin Hood.

Frequently Asked Questions

It is possible to sell any sort of property to Robin Hood for a bargain price. In addition to real estate, you can complete a bargain sale arrangement with collectibles such as artwork or antiques, other personal property or securities. Please contact us about the property you are considering so we can discuss whether we would be interested in acquiring the specific asset for a bargain price.

You will receive an income tax charitable deduction in the year of your gift. The amount of your deduction will equal the difference between the fair market value of the property you donate and your sale price. Your income tax savings will depend on whether you itemize your deductions. (Note: if your bargain sale asset is tangible personal property, such as artwork or antiques, that Robin Hood can’t put to a use related to our exempt purpose, your deduction will be based on your cost-basis rather than the fair market value of the property.) By removing your property from your estate, you may also reduce estate taxes and probate costs when your estate is settled.

Yes, if you are interested in selling us real estate or tangible personal property at a bargain price, you will need to establish the value of your property by obtaining a qualified independent appraisal. To be valid for claiming your income tax charitable deduction, your appraisal must be conducted no more than 60 days before the bargain sale is completed and no later than the due date, including extensions, of the tax return for the year in which you make your gift.

If you are considering a gift of real estate, the following steps are required before we can accept it:

  • We will need to examine your property and conduct our own analysis of its value. For example, we will want to know if there are any debts, taxes, or liens owed on your property.
  • We will need to examine your property and conduct a review of environmental issues. Once we accept your gift of real estate, we become responsible for cleaning up any environmental problems your property may have. This sort of cleanup can be very expensive, so we take steps to ensure we will not experience additional costs navigating environmental issues.


We would love to speak with you and share information on gift strategies that can help you support Robin Hood and provide benefits to you and your family.

Austin Wrubel
Director of Planned Giving
212-844-3521
wrubel@robinhood.org

If you have already put Robin Hood in your estate plans, please let us know.