You give shares of closely-held stock to Stuart Country Day School of the Sacred Heart.
Stuart Country Day School of the Sacred Heart offers the stock back to your company for redemption or re-purchase and uses the proceeds for its programs.
Benefits
You receive an immediate income tax deduction for the appraised value of your shares.
You pay no capital gains tax on any appreciation that has taken place in the shares.
Under certain conditions, you may be able to use closely-held shares to fund a life-income arrangement.
You can have the satisfaction of making a significant gift that benefits both you and Stuart Country Day School of the Sacred Heart during your lifetime.
A transfer of this kind requires careful planning with the assistance of a professional.
