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Business Interests – Gifts of Closely Held Stock
Click Here for Detailed Explanation
How It Works
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You give shares of closely-held
stock to the Crohn's & Colitis Foundation.
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The Crohn's & Colitis Foundation 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, such as a FLIP
Unitrust.
- You can have the satisfaction of making a
significant gift that benefits both you and the Crohn's & Colitis Foundation during
your lifetime.
More
For more information
If you are considering a gift of Business Interests, email us,
complete the personal illustration form, or
call us at (212) 685-3440 ext. 7448 so that we can assist you through every step
of the process.
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