Gifts of Privately Held Company Interests to a 501(c)(3) Public Charity

Donors with ownership interests in privately held companies (i.e., limited liability companies, corporations, partnerships) have the ability to utilize the interest to make a charitable gift. This strategy becomes particularly useful and relevant when Donor is selling his or her business to a third party. Donors with long-term growth of an ownership interest in a business will be subject to federal and state capital gains tax triggered upon the sale of the ownership interest. However, non-cash...
By: Partridge Snow & Hahn LLP