Gifts of Closely Held Stock/Limited Liability Partnership Interests Q&A

What types of business interests does The Dayton Foundation accept?

The Foundation may accept gifts of business interests, including non-publicly traded or closely held stock, subchapter S Corporation stock, limited liability company interests, general partnership interests, limited partnership interests and family limited partnerships.

Gifts are reviewed on a case-by-case basis and are subject to the Foundation’s approval.

What advantages are there to gifting business interests?

The benefits of gifting closely held interests are not unlike those of gifting appreciated publicly traded securities.

You may choose to contribute all or a portion of your interest and receive an income tax deduction for the full fair market value. Since closely held stock doesn't trade publicly, a qualified independent appraiser must assign a value to the shares.

How do I contribute gifts of closely held stock or limited liability partnership interests?

Please contact a member of our Development Department at (937) 222-0410 to discuss the details of such a proposed gift.

With any gift arrangement, we recommend that you consult with your financial planner or attorney first. All gifts are subject to approval by the Foundation’s Gift Acceptance Committee and the Governing Board.

For more information or to discuss a gift plan that works for your individual needs, contact a member of our Development Department at (937) 222-0410.

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File date: 9.18.14

IN HIS WORDS

Michelle Lovely

“Did you know a deferred charitable gift annuity could be used to offset your taxable income today, then provide funds for your favorite charities after your lifetime? Contact me for more about this and other planned giving options.”
Michelle Lovely, senior vice president, Development and Donor Services, (937) 225-9948

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