Planned Giving
What Assets Can I Give?
Closely Held Business Stock
How It Works
- You make a gift of stock to
- You receive a charitable income-tax deduction
- may keep the stock or offer to sell it back to your company
Benefits
- You receive an income-tax deduction based on the fair-market value of stock
- You pay no capital-gain tax
- Your company may repurchase the stock, and your ownership interest is not diminished
- receives a significant gift
Next Steps
- I’d like to see a detailed description of this gift
- I’d like to have a confidential conversation with a gift-planning
officer about this gift plan or other options - I’d like a personal calculation of this gift
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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