Planned Giving for Financial Advisors
Business Interests, Closely-Held Stock, Partnerships
How they Work
- Your client donates shares of closely-held stock, business or partnership interests to Gaylord Hospital.
- Gaylord Hospital may hold the shares and collect dividends or distributions, or it may offer the stock back to the company or partnership for redemption or re-purchase. Gaylord Hospital will apply dividends or proceeds to the purposes your client designates.
Benefits for your client
- Your client will receive gift credit and an immediate income tax deduction for the appraised value of her shares, even if their original value was close to zero.
- Your client will pay no capital gains tax on any appreciation that has taken place in the shares.
- Under certain conditions, your client may be able to use closely-held shares to fund a life-income arrangement, such as a Charitable Gift Annuity or Charitable Remainder Unitrust (CRUT).