Gifts of Business Interests: The Details
When the time comes to transfer or sell your business, there are tax and practical reasons for including a charity in the plan.
Is this gift right for you?
A gift of business interests may be for you if…
Gifts of business interests, such as stock in a closely held corporation, S-corporation stock, and shares in a professional corporation, can benefit you and Anti-Defamation League.
You will receive a charitable income tax deduction for the full fair market value of the shares, with no capital gains liability for the transfer to us. In some cases you may be able to use the shares to fund a gift plan that pays lifetime payments to you, like a charitable remainder unitrust, or that lowers the gift/estate-tax cost of passing a family business to the next generation (learn more about charitable lead trusts).
Anti-Defamation League will receive dividends from the shares you donate and will apply the dividends to the purposes you designate. Alternately, we will offer the shares to the corporation for redemption or repurchase. (Note that while we will be pleased to consider a redemption of the shares, there can be no prior written agreement between you and the corporation or a third party to offer us such a redemption – if there is, the IRS will impose capital gains tax on your gift transfer.)
The professionals at our Department of National Planned Giving, Legacy and Endowments will be happy to discuss your interests, concerns and financial options, and work personally with you and/or your legal and financial advisors to create a plan that meets your needs and supports the Anti-Defamation League Foundation.
For more information, please contact:
Director of National Planned Giving, Legacy and Endowments
Anti-Defamation League Foundation (ADLF)
605 Third Avenue
New York, NY 10158
This information is provided for educational purposes. The Anti-Defamation League Foundation and ADL are not financial, legal or tax advisors. Please contact your advisors regarding your financial, legal or tax needs.