Ways to Give: Gifts of Privately Held or Restricted Stock
A donor who owns privately held stock, whether C corporation stock or subchapter S stock, may also wish to consider transferring such stock to WPI. In doing so, a donor would be eligible for a charitable tax deduction based on the fair market value of the stock and would avoid any potential capital gain tax on the appreciated value of the stock. The donor must provide a qualified appraisal for gifts valued at $10,000 or more. Should the donor wish to gain control of the stock at some future time, the donor or the corporation may be able to buy it back, thus establishing a new cost basis for the stock. In keeping with IRS guidelines, there can be no obligation on the part of the donor or WPI to buy or sell back the property at the time of the gift, otherwise the gain will be taxed to the donor.
If you are interested in this type of gift to WPI, please contact the Office of Planned Giving (planned-giving@wpi.edu or 1-888-974-4438) to discuss WPI's gift acceptance policies with regard to privately held stock.
Maintained by webmaster@wpi.eduLast modified: March 06, 2007 12:02:28