Gifts of Business Interests
(Complete gift description)

Gifts of business interests – such as stock in a closely-held corporation, S-corporation stock, and shares in a professional corporation – can be beneficial for both you and Exeter .

What are the advantages of contributing a business interest?

First, you will receive a charitable deduction. In addition, you may be able to use the assets to fund certain types of life-income gifts, primarily net-income. Click here for more information about charitable remainder unitrusts.

Or, you may use your shares in a professional corporation to create a special trust that provides us with income now and returns any remainder to your heirs. Click here for more information about charitable lead trusts.

How are gifts of business interests valued?

Since closely-held stock doesn't trade publicly, a gift of such an asset requires an independent appraisal to establish its fair market value. Your charitable deduction will be based on the appraised market value of the shares, minus any liabilities you may have accrued.

Because offering part ownership of a business through a gift of stock involves issues of marketability, taxation, liability, and involvement in business operations, we must first review and approve any such transfer.

Do you have any other advice?

Gifts of business interests may be very advantageous, depending upon the circumstances. If you are considering a gift of stock in a business interest, first consult with your attorney and accountant. We can work with you and your advisors to review the benefits of a gift.

For more information

Email us, complete the personal illustration form, or call us at (603) 777-3667 so that we can assist you through every step of the process.

Chris Wronsky
Director of Planned Giving
Phillips Exeter Academy
20 Main Street
Exeter, NH 03833
(603) 777-3594 Fax (603) 777-4201