Closely Held Business Stock

A business owner who contributes closely held stock to UJA-Federation will be allowed a charitable deduction for the fair-market value of the stock. An additional benefit is that the donor will escape the potential capital-gain tax on any appreciation in the value of the stock.

Subsequent to the gift, the corporation could purchase the stock from UJA-Federation for cash. This not only enables the donor to retain complete control over the company but also makes cash available to UJA-Federation for its current needs. As long as UJA-Federation is not obligated to sell the stock to the corporation, the transaction should produce no adverse tax results.

More Information

Contact Us

William Samers, Vice President
212.836.1755
samersw@ujafedny.org

Stanley Baumblatt, Director
212.836.1305
baumblatts@ujafedny.org

Shira Hudson, Associate Director
212.836.1232
hudsons@ujafedny.org

 

UJA-Federation of New York
130 East 59th Street
New York, NY 10022

Phone: 1.800.997.5266
Fax: (212) 836-1172
E-mail: plannedgiving@ujafedny.org

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