Gifts of Publicly Traded Stock or Closely Held Business Interests
Let your portfolio or your business profit the community
Shares of appreciated publicly traded stock are an effective way to support ASNC and avoid taxation on the gain. We can receive stock gifts directly through your brokerage account; you receive a charitable income tax deduction, usually equivalent to fair market value as determined under IRS guidelines. We will sell the stock immediately and apply the net proceeds toward our mission.
ASNC will also consider gifts of closely held business interests such as S corporations, limited liability companies, and limited partnerships if an acceptable means of converting the stock into liquid assets can be an anticipated within a reasonable time. This may occur through redemption agreements, liquidation or asset transfers. These are complex transactions, so consultation with your tax advisor or planning professional is necessary.
• The material presented on this website is not offered as legal or tax advice. Please seek the counsel of your tax advisor, attorney, and/or financial planner to review tax calculations to ensure that a contemplated gift is appropriate for your situation.