MAKE A GIFT
Gifts of Business Interests
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You're considering a gift made during your lifetime > You're holding an interest in a viable business > You want to save both income and capital gains tax |
Gifts of business interests – such as stock in a closely-held corporation, S-corporation stock, and shares in a professional corporation – can be beneficial for both you and the AADC. Business interests can be given outright or, in some cases, can fund certain types of life-income gifts, primarily net-income unitrusts.
Since closely-held stock does not trade publicly, a gift of such an asset requires an independent appraisal to establish its fair market value. Your charitable deduction will be based on the appraised market value of the shares, minus any liabilities you may have accrued.
Because offering part ownership of a business through a gift of stock concerns issues of marketability, taxation, liability, and involvement in business operations, the Associate Alumnae of Douglass College must first review and approve any such transfer.
If you are considering a gift of a stock in a business interest, first consult with your attorney and accountant. We can work with you and your advisors to review the benefits of a gift.
Email us, complete the personal illustration form, or call us at 732-246-1600 so that we can assist you through the process.
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