Gifts of Partnership 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 partnership interest may be for you if…
Gifts of transferable partnership interests — primarily in real estate or oil and gas ventures — can benefit you and further our mission. Gifts are usually made to us outright, but in some cases may be used to fund a life-income gift, such as a charitable remainder unitrust.
You will receive a charitable deduction for your gift, generally based on the difference between your share of the fair market value of the partnership and your share of its liabilities. You will need to consult with your tax advisor regarding proper valuation.
What steps do I need to take to contribute a partnership interest?
Because of the technicalities involved, some precautionary steps must be taken. You should first determine if the partnership allows shares to be transferred. Because gifts of partnership interests involve Anti-Defamation League Foundation in issues of marketability, taxation, liability, and the potential of later assessments by the partnership, the transfer must be reviewed and approved.
Be sure to first consult with your attorney and accountant to ensure this is an advantageous gift for you. We can work with them to review the benefits and procedures of making a gift.
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.