Gifts of Business Interests —
Closely Held Stock
You can give SDRI investment partnership shares or closely-held stock, as an outright transfer or to fund a life-income gift. Such a gift should be carefully reviewed by your legal and tax counsel first, and we will also assess it before we proceed.
How it works
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You give shares of closely-held stock to Sansum Diabetes Research Institute. |
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SDRI offers the stock back to your company for redemption or re-purchase and uses the proceeds for its programs. |
Benefits
- You receive gift credit and an immediate income tax deduction for the appraised value of your shares, even if their original value was close to zero.
- You pay no capital gains tax on any appreciation that has taken place in the shares.
- Under certain conditions, you may be able to use closely-held shares to fund a life-income arrangement.
- You can have the satisfaction of making a significant gift that benefits both you and SDRI during your lifetime.
More
To learn more about gifts of business interests, Email us, complete the Information Request Form, or call us at (805) 682-7638 so that we can assist you.
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