Gifts of Business Interests
How it works
You give shares of closely-held stock to The Hotchkiss School.
The Hotchkiss School receives dividends from the stock, or offers the stock back to your company for redemption or re-purchase.
- 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.
- You have the satisfaction of making a significant gift that benefits both you and The Hotchkiss School during your lifetime.