Charitable Gifts of Closely Held Business Interests and Other Illiquid Investments

Contributing Privately Held Business
 Interests to SAFE

For philanthropically minded business owners, assets that have appreciated in value can be among the most tax-advantaged items to contribute to charity. They enable you to potentially eliminate capital gains tax liability on the sale of the asset, enjoy a current year tax deduction, if you itemize, while allowing the charities you support to receive the most money possible.

Many executives and entrepreneurs find that their most appreciated assets come in the form of non-cash assets (privately held C- and S-Corp stock, limited partnerships or LLC interests), often with a low cost basis and significant current market value, resulting in large capital gains taxes when sold. By donating a portion of these highly appreciated privately held business interests to a public charity (including a donor-advised fund account), they can potentially eliminate capital gains tax liability on the sale and take a full, fair market value income tax deduction, if they itemize. 

Do you own an interest in a privately held LLC or limited partnership that may have a future liquidity event? Donating a portion of your interests to SAFE ahead of time could result in two major benefits:

1. An income tax charitable deduction for the fair market value on the date of contribution.

2. Minimized capital gains tax; capital gains tax generally does not apply to assets donated to charity.

There are many considerations for these types of contributions.  Find out more about contributing business interests and the process involved.

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LOOKING FOR OTHER WAYS TO ENGAGE YOUR COMPANY?
Your Corporate Partnership with SAFE is a Win-Win
SAFE has a strong relationship with the Central Texas business community.  We highly value our corporate partnerships; consequently, we place a premium on creating mutually beneficial partnerships that will positively benefit your company and the survivors we serve.

More than 278 million people in the U.S. want to know what a company is doing to benefit a cause and 85% of consumers have a more positive image of a product or service when the company supports a cause they care about. Corporate Partnerships are great for your business and SAFE.

A few types of Corporate Partnerships:
  • Corporate Sponsorship
  • Corporate Philanthropy (outright   donations)
  • Corporate Foundation Gifts/Grants
  • Employee Matching Gift Campaigns
  • Corporate Workplace Training(s) 
  • Fund-A-Need Campaigns
  • Topical Brown Bag Lunch Seminars 
  • Naming Rights for major donations
  • Non-monetary support initiatives
  • Remote & On-Site Volunteer Projects
  • Community Education partnerships

For more information or questions about how your business can partner with SAFE, visit our Corporate Partnership page, or contact Janet Torres, Sr. Director of Development. 
Contact SAFE about Corporate Giving
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