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Gifts of Business Interests

Gift of Business Interests

How It Works

  • You give shares of closely-held stock to the William & Mary.
  • William & Mary may hold the shares and collect the dividends, or it may offer the stock back to your company for redemption or re-purchase. William & Mary will apply dividends or the proceeds to the purposes you wish to support.

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 make a significant gift that benefits both you and William & Mary during your lifetime without using your cash reserves to do so.

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