Closely Held Stock

Turn Business Stock Into a Legacy Gift

Smart Giving Options for Business Owners

If you own shares in a privately held company, those shares can serve as a valuable and strategic way to support the future of Central Connecticut State University.

Privately held stock* is most commonly contributed through an outright gift. This type of donation can be made provided your business’s governing documents allow for new ownership and the stock is free of debt. Before making the gift, the value of your business interest must be professionally appraised.

Here’s a quick checklist to help determine if donating closely held stock might be a smart move for you. Then, be sure to speak with your legal and tax advisors to explore how this strategy can help you make a meaningful impact while receiving significant tax benefits:

• You are a majority owner of a closely held business.
• You want to extract retained earnings from the business without triggering additional taxes.
• You wish to retain control of your company’s voting stock.
• You’d prefer to avoid capital gains taxes on shares donated to Central Connecticut State University.
• You’re looking to claim a charitable deduction for the full appraised value of your gift.
• You’re passionate about supporting our mission and investing in our future.

There are also flexible options for how you give:

• Include a gift of closely held stock in your will or revocable living trust.

*Gifts of closely held stock involve specific legal and financial considerations. It’s important to consult with your tax or legal advisor before initiating your gift.