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Business Interests
This gift is for you if...
- You are an entrepreneur, member of a family business, or participant in a professional corporation.
- You hold an ownership interest in a viable enterprise, and are able to transfer your interest to third parties like us.
- Your interest will continue to generate revenues that can flow to us, or it is likely be redeemed by the enterprise in the near future.
- Your interest is not encumbered by debt, and we will not be called on to make future contributions to or for the enterprise.
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 Children's.\
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 doesn't 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 involves issues of marketability, taxation, liability, and involvement in business operations, Children's 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.
For More Information
Complete the personal illustration form or contact us so that we can assist you through every step of the process.
This is not professional tax or legal advice. Donors must consult their tax and legal advisors regarding their specific situation.