How to structure a bargain sale

  1. Identify the property you would like to use.  It could be real estate, stock or another verifiably valuable asset.

  2. Contact TMI to tell them of your intent and lay out the terms you would like to apply to the agreement.  These terms should include:

    • The current value of the asset.
    • The amount you would like to receive in cash.
    • Whether you would consider receiving the cash payment over time instead of in a lump sum.
    • Whether there are any outstanding loans against the property.

  3. TMI will need to vet the property and agree to the terms, including possible liquidation plans if TMI cannot use the property directly for its educational mission.

  4. Once you and TMI agree to terms, consult an attorney to draw up legal documents.

Have Questions?

For more information on ways to give to TMI or to find out how you can submit your gift to TMI, please contact our Advancement Department, at advancement@tmi-sa.org.

Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
 
MISSION: TMI provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.

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Texas Military Institute (dba TMI Episcopal) admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs.
TMI Episcopal
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715