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    Gifts of Business Interests

    As a business owner, you have the opportunity not only to build your business (and wealth) for yourself and your family, but also 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.

    Make a Gift of Corporate Stock

    There are several ways that a gift of your corporate stock made today can help you achieve your personal and philanthropic goals.

    Gifts of Stock
    Stock or Cash
    Donor-Advised Fund
    CWRU

    Here are some of the potential benefits:

    • 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.
    • 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.

    Make a Gift of Corporate Assets

    Your business can also make a current gift of one or more assets to help further our cause.

    Gifts of Appreciated Asset
    Property
    Tax Saving
    CWRU

    Here are some of the potential benefits:

    • If your business makes a gift to us 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 deduction will flow-through to you as a shareholder in proportion to your ownership interest. Check with us on the most tax efficient way to make a gift of corporate assets from your business.

    Avoiding Tax on Your Business Sale

    When you are ready to sell your business, before you sign a binding agreement, consider a charitable gift to reduce or completely avoid capital gains on the sale.

    • If you give enough of an interest in your business to us, you can use the resulting charitable income tax deduction to offset part or all of the capital gains on the interest you retain and sell.
    • If you would like to sell your business and receive income, ask us how you can transfer part or all of your business stock or assets to fund a charitable remainder trust. The trust will sell your business interest tax free and pay you (and your spouse) income for life. You will receive a charitable income tax deduction to further offset any capital gains.
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    The information provided by the Office of Planned Giving on this website is intended to provide general information that may be helpful to you in your charitable, financial and estate planning. It is not intended and should not be taken as legal, tax or other professional advice. Figures, calculations, and tax information are based on federal tax laws, regulations, rulings, and rates applicable at the time the information was prepared and are for illustration purposes only. Individual state laws may affect the availability of gift annuities. You should always consult with an attorney, accountant or other professional advisor for advice or assistance with your particular financial situation.