Plan Your Will
Free Wills Guide
Contact Us

Planned Giving

Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video

Gifts of Business Interests

As a business owner, you have the opportunity not only to build your business and accumulate wealth for yourself and your family, but also to accomplish your philanthropic goals through charitable planning. A gift of your corporate stock or assets can provide you with tax and income benefits and help further our mission.

Gifts of Stock
Business Stock or Asset
ECU
Charity image

Benefits of gifts of business interests

  • Receive a charitable income tax deduction
  • Avoid tax on the sale of your business stock or assets
  • Receive lifetime payments if your business stock or assets are used to fund a planned gift

How gifts of closely held stock work

  1. Give a percentage of your voting or non-voting shares in your business to us outright and receive an income tax deduction. We will hold your shares for a future sale or redemption and can use any dividends paid for our charitable purpose.
  2. Give a percentage of your voting or non-voting shares in your business for a donor advised fund (DAF) and receive a charitable deduction. The DAF will hold your shares for a future sale or redemption and can use any dividends paid for charitable grants. On an annual basis, you can advise us on how to make grants from the fund to your favorite charitable causes.
  3. If your corporation is an S corporation, there are special rules that apply to gifts of corporate stock. Please contact us to discuss the most tax-efficient way to structure your stock gift.

How gifts of business assets work

  1. If your business makes a gift of a non-inventory asset, it will receive a charitable income tax deduction based on the appraised fair market value of the asset.
  2. The income tax deduction for a gift from a business is limited to 10% of the corporation's taxable income. Your business may carry forward any unused deduction up to five years.
  3. If your business is an S corporation, the charitable deduction will flow through to the shareholders in proportion to their ownership interest. Check with us on the most tax-efficient way to make a gift of corporate assets from your business

Contact us

If you have any questions about making a gift of a business interest or your business assets, please contact us. We would be happy to assist you and answer your questions.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown
Kendra Alexander Kendra Alexander
Gift and Estate Planning Officer
alexanderk@ecu.edu
252-328-9566
Greg Abeyounis Greg Abeyounis
Associate Vice Chancellor for University Development
abeyounisg@ecu.edu
252-328-9573
Mark Hessert Mark Hessert
Associate Executive Director of the Pirate Club
hessertm@ecu.edu
252-737-4543

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.