Gifting Business Assets

WEBINAR: Turn Your Assets into Your Impact

Learn how to use Closely Held Stock and Other Business Interests to Fuel your Charitable Giving

Join us for an informational webinar with national non-cash gift expert, Bryan Clontz. Learn about how you can fuel your philanthropy using the most tax efficient asset, your business. Register today.

                      August Webinar (8/18) 

Amplify Your Impact

GCF can help you find the optimal way to use privately held C-Corp or S-Corp shares, real estate or other non-cash assets to fuel your charitable giving. Working with your advisors, we can help you achieve the ideal arrangement for improving your tax status — both now and for generations to come. For nearly 60 years, GCF has partnered with families to support their philanthropic legacy.

Connect


Michele Carey, CAP®
Director, Professional
Advisor Relations
513-768-6171
michele.carey@gcfdn.org

Assets

  • Private Company Stock
    • S-Corp
    • C-Corp
    • Restricted Stock
    • Pre-IPO Shares
    • LLC & Limited Partnership
  • Real Estate
  • Life Insurance
  • Farm and Agricultural Land
  • Charitable Trust Distributions
  • IRA assets
  • Other appreciated assets

How does it work?

Watch Bryan Clontz, a national expert on giving business assets, walk through a 10-minute case study in which a business owner makes a charitable gift of a privately held C-Corporation shares of her company. It’s a win-win situation for the business owner, other shareholders that include her children, and for the community. Learn more about how you can donate shares of C-Corp, S-Corp or partnership interests to a donor advised fund by attending our upcoming webinar.

 

Watch now 

 

Supporting Our Community

Greater Cincinnati Foundation helped Bob Coughlin use his Paycor stock to make charitable gifts of more than $2.4 million—benefiting the community and fueling his impact.

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Greater Cincinnati Foundation helped Erica and Kevin McDonnell create the Skyline Chili Community Fund with $8 million in Skyline stock— funding preschool education and fueling their impact.

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Bob Coughlin
Founder, Paycor

When I started the fund, I had the notion that I’d use Paycor stock as one of the vehicles, because it had tax advantages… Greater Cincinnati Foundation is easy to do business work, very easy.

 

Kevin McDonnell
CEO, Skyline Chili

"We all recognized the need in what we can do to give back. It started with me trying to explore how can I transition my ownership at Skyline but get on with trying to do good in the community with some of the good fortune my wife and I had."

 

Four Smart Reasons for Giving Business Assets

Why is it smart to make a gift of business interests instead of writing a check? In most cases, a charitable contribution of an appreciated asset allows a donor to deduct the value of the asset without having to report the appreciation as income.  

1. Your business had grown in value over time

The current fair market value of an illiquid asset, on which charitable deductions are based, is often considerably higher than the cost basis, or original cost, of the asset.

2. A charitable deduction for full fair market value of the asset

Typically, donors can enjoy a charitable deduction equal to the current full fair market value of the gift, as determined by a qualified appraisal.

3. No capital gains tax

Donors can usually avoid capital gains taxes that would incur if they were to sell illiquid assets and then make a charitable gift.

4. Tax savings = more charitable impact

The taxes you save help to grow your donor advised fund at GCF!  With one gift you can provide impactful support over time to multiple charities and causes you care about most.

Optimize Donations with Noncash Assets

by Bryan Clontz

As you consider your charitable priorities, your accountant may have already discussed the advantages of making a charitable gift of publicly-traded stock that has appreciated in value over time. The same advantages are true for other appreciated assets, including closely held stock, LLC interests and real estate.

Read Article

 

Donor Advised Funds

Donor Advised Funds are a convenient, versatile tool that many individuals and organizations use to effectively plan and manage charitable gifts. Receive a tax deduction when you make your gift, and take your time deciding which charitable causes and organizations to support. Our team is here to support you for every step of your philanthropic journey.

Learn More

This information is not intended as legal, accounting, or financial planning advice. Please consult with your tax advisor for how this strategy may apply to your specific financial situation.