Closely Held Business Stock

A business owner who contributes closely held stock to IndyHumane will be allowed a charitable deduction for the fair-market value of the stock. An additional benefit is that the donor will escape the potential capital-gain tax on any appreciation in the value of the stock.

Subsequent to the gift, the corporation could purchase the stock from IndyHumane for cash. This not only enables the donor to retain complete control over the company but also makes cash available to IndyHumane for its current needs. As long as IndyHumane is not obligated to sell the stock to the corporation, the transaction should produce no adverse tax results.

More Information

Contact Us

David R. Horth
Chief Executive Officer
dhorth@indyhumane.org
317.872.5650, x104

 

Humane Society of Indianapolis
7929 N. Michigan Road
Indianapolis, Indiana 46268

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer