CLOSELY HELD STOCK

HowItWorks
Benefits
NextSteps
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Gifts of closely held corporate stock or non-publicly traded securities may be attractive charitable gift vehicles for you under the right circumstances. As a charitable organization, the Northshore Schools Foundation normally does not invest in closely held corporations; however we may accept the gift as long as our Finance committee can determine an appropriate method of sale.

How It Works

  • You make a gift of your closely held stock to Northshore Schools Foundation and get a qualified appraisal to determine its value.
  • You receive a charitable income tax deduction for the full fair-market value of the stock.
  • Northshore Schools Foundation may keep the stock or offer to sell it back to your company.

Benefits

  • You receive an income tax deduction for the fair-market value of stock.
  • You pay no capital gain tax on any appreciation.
  • Your company may repurchase the stock, thereby keeping your ownership interest intact.
  • Northshore Schools Foundation receives a significant gift.

Next Steps

  • Contact us to help us determine the estimated fair market value of the closely held stock or securities, and to determine if there are any restrictions on the transfer.

Please note that no information on this website should be considered as the rendering of legal, accounting or other professional advice. Please consult your personal tax and financial advisors before implementing a planned gift to charity, including the Northshore Schools Foundation. These investment options may have specific consequences for your estate planning. As always, we would be pleased to discuss in confidence how your gift can impact Northshore students.