Donate Business Interests
put your business to work for
Giving Ownership Interests in Private Companies
Whether you have ownership in a Limited Partnership, Limited Liability Corporation, Sub-chapter S Corporation or other privately held company, you can redirect all or part of the value of that ownership into bringing the love of God to people in Latin America, whether you’re ready to sell the business or still wish to manage it.
Through The Signatry, we can help you evaluate the potential of making a gift of this type, and assist in the transfer, management and/or sale of the gifted business asset – allowing you to avoid capital gains tax, remove it from your estate and receive a charitable deduction for the appraised fair market value of the gift. The Signatry will work with you to accomplish your charitable goals in the most tax-efficient, cost-efficient and timely way.
Here is what you could potentially save in taxes and increase giving by compared to selling the business and then giving. This example shows the impact if a family sold their business for $10 million, and made a 20% gift either before or after the sale.
This scenario assumes fair market value of $10,000,000, ordinary income tax rate of 37%, capital gains tax rate of 25%, and basis of $0.
By The Numbers
Below is a breakdown of the numbers from the chart above.
Use The Signatry’s calculator to see how giving before you sell your asset can increase the impact of your gift.
For questions or to start the process, contact The Signatry and let them know that you have a business interest the you would like to donate to the God Said Go Charity Fund. You can contact them at (913) 310-0279 or [email protected].
DISCLAIMER: This web page is designed to provide information and illustration of the subject matters covered. It is not intended nor should it be used as legal, accounting or other professional advice. It is always a good idea to seek legal and tax advice from your professional advisor(s).