Many closely-held business owners and entrepreneurs want to make a significant charitable impact with their net worth. However, cash and marketable securities are not always available to fund a charitable giving program. Fortunately, various strategies are available for clients to give non-controlling closely-held business interests to charity, receive a substantial fair market value income tax deduction, and continue to operate and control the business. Our charitable planning techniques allow clients to:

  • Maximize their charitable income tax deductions (up to 30 percent of adjusted gross income) with gifts of non-controlling business interests
  • Avoid capital gains on a subsequent sale of the gifted interests
  • Reduce yearly income taxes
  • Free up additional cash flow to be used for ongoing charitable giving