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Business Interests – Gifts of Closely Held Stock
Click Here for Detailed Explanation
How It Works
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You give shares of closely-held
stock to Eckerd College.
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Eckerd College offers
the stock back to your company for redemption or re-purchase and uses
the proceeds for its programs. |
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, such as a FLIP
Unitrust.
- You can have the satisfaction of making a
significant gift that benefits both you and Eckerd College during
your lifetime.
More
For more information
If you are considering a gift of Business Interests, email us,
complete the personal illustration form, or
call us at (727) 864-8229 so that we can assist you through every step
of the process.
Judi Schraer
Director of Gift Planning
Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711
(727) 864-8229
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