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Gifts of Partnership Interests

Gift of Partnership  Interests Diagram

How It Works

  • You convey a partnership interest to William & Mary.
  • Depending on the circumstances, William & Mary may choose to hold the partnership interest or to sell it quickly. Any partnership distributions or sales proceeds will be applied to the purposes you designate.

Benefits

  • You receive gift credit and an immediate income tax deduction for the appraised value of the donated partnership interest, net of any liabilities.
  • Under certain conditions, you may be able to use a partnership interest to fund a life-income arrangement, such as a Unitrust.
  • You can have the satisfaction of making a significant gift that benefits both you and William & Mary during your lifetime.

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