1031 with a 501(C)3 partnership?

[Dustin Lyle]

As some of you already know from our personal conversations, I just recently gained 501(C)3 exemption for my non profit. I am now vigorously looking at creative ways to super size my foundation. I came across a non profit based out of Newport Beach, Ca, That take a minority interest with a buyer and purchase property from sellers who are using a 1031. I am assuming the interest the non profit is taking would be a "charitable donation" from the seller to offset gains not realized by the 1031? Has anyone ever seen anything like this OR had any experience with it? Being creative, I can think of a few ways this might be feasible..