WHAT TO GIVE
Gifts of Business Interests
As a business owner, you have unique opportunities to accomplish your philanthropic goals through charitable planning.
A gift of your corporate stock or assets can provide you with tax and income benefits and help further our mission.
Benefits of Gifts of Business Interests
Receive a charitable income tax deduction.
Avoid tax on the sale of your business stock or assets.
Receive lifetime payments if your business stock or assets are used to fund a planned gift.
How Gifts of Closely Held Stock Works
Give a percentage of your voting or non-voting shares in your business to us outright and receive an income tax deduction. We will hold your shares for a future sale or redemption and can use any dividends paid for our charitable purpose.
Give a percentage of your voting or non-voting shares in your business for a donor advised fund (DAF) and receive a charitable deduction. The DAF will hold your shares for a future sale or redemption and can use any dividends paid for charitable grants. On an annual basis, you can advise us on how to make grants from the fund to your favorite charitable causes.
If your corporation is an S corporation, there are special rules that apply to gifts of corporate stock. Please contact us to discuss the most tax-efficient way to structure your stock gift.
How Gifts of Business Assets Works
If your business makes a gift of a non-inventory asset, it will receive a charitable income tax deduction based on the appraised fair market value of the asset.
The income tax deduction for a gift from a business is limited to 10% of the corporation's taxable income. Your business may carry forward any unused deduction up to five years.
If your business is an S corporation, the charitable deduction will flow through to the shareholders in proportion to their ownership interest. Check with us on the most tax-efficient way to make a gift of corporate assets from your business.
If you have any questions about business assets, please contact us. We would be happy to assist you and answer any questions you might have.