Closely Held Business Stock

Closely Held Business Stock Diagram

How It Works

  1. You make a gift of your closely held stock to NYIT and get a qualified appraisal to determine its value
  2. You receive a charitable income-tax deduction for the full fair-market value of the stock
  3. NYIT 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
  • NYIT receives a significant gift

More Information

Contact Us

Donald Vogel
Director of Planned Giving
(516) 686-7761
dvogel@nyit.edu

 

NYIT
Northern Blvd.
P.O. Box 8000
Old Westbury, New York 11568-8000

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer