Closely Held Stock

Charitable Giving Strategies for the Business Owner

If you hold stock in a closely held business, you may be able to use that stock as a powerful way to support our future.

Closely held stock* is most often used to support our work in the form of an outright gift. You can make a gift of closely held stock as long as the constituting documentation for the business permits additional owners and it is debt-free. The donation of closely held stock first requires you to value the interest in the business entity.

Review this checklist to see if you may benefit from donating closely held stock. Then, consult your professional legal and tax advisors to see how to maximize the benefits of this tax-efficient strategy for making a difference.

Evaluate Whether This Gift Is Right for You:

  • You are a majority shareholder in a closely held corporation.
  • You would like to remove retained earnings from the corporation, without having them taxed again.
  • You would like to maintain a controlling position in the corporation's outstanding stock.
  • You would like to avoid capital gains taxes on the shares you donate to Center for Transforming Lives.
  • You would like to receive a federal income tax deduction for the full appraised value of the gift.
  • You would like to support our mission.

Click on the links below to see the additional ways to fund your gift with closely held stock:

*A gift of closely held stock requires special handling, so you should always consult with your legal or tax advisor first.

Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit

Next Steps

  1. Contact Leslie Oliver at 817-484-1546 or loliver@transforminglives.org for additional information on giving a gift of closely held stock.
  2. Seek the advice of your financial or legal advisor.
  3. If you include CTL in your plans, please use our legal name and federal tax ID.

Legal name: Center for Transforming Lives
Address: 512 W. 4th Street, Fort Worth, TX 76102
Federal tax ID number: 75-0829389

Discover More

View My Free Brochure
Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit