Charity from Gains

[Corduroy Frog]

One of my clients has a $700,000 gain on the sale of land and is selling on 5-year installment method.

He wants to divert some of the gain to his church without having to deal with getting it absorbed by the huge std deduction.  He has suggested setting up a charitable organization.  I believe if he does this, payments to such an organization would still be a Schedule A deduction, getting absorbed by the std deduction (i.e. worthless).

Are any of you aware of anything exotic his objective can be accomplished?  I can't think of any, but this group is smarter than me. 

If he had asked me earlier, I would have advised him to make the charity part-owner of the land prior to the sale.

[BrewOne]

the installment sale was a great way to save on taxes.   Trying for further savings beyond Schedule A sounds like a bridge too far to me.  Make sure they understand the limits based on AGI (with a five-year carryover period).

[Lee B]

I wonder, can you gift a portion of an installment contract?

[kathyc2]

Donor advised fund.  Put's large chunk in at one time and takes the Sch A deduction.  Then can have fund pay out over time to charities of choosing.