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I say this is weird, but it may not be that weird; it's simply out of my realm of expertise.
Consider this:
Say a non-profit foundation was bequeathed a house by the estate of a deceased benefactor. The non-profit is in the midst of a fundraising campaign and have decided that it would be best to sell the house.
The house is listed for, say, $725,000. I am not only interested in the house but also very interested and supportive of the mission of this non-profit.
What if I (or someone else) decided to, in a somewhat symbolic gesture, offer double the asking price for the house.
How would this be handled tax-wise, in terms of a charitable contribution deduction? On the one hand, I am purchasing a house. On the other hand, I am making a charitable donation to the foundation for the difference between the asking price and the offer price.
I guess the easiest way to handle the situation would be to perform two separate transactions (house purchase + matching donation).
Any ideas?
[This is hypothetical in terms of the financial details, but based on a potentially true situation.]
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