Closely Held Business Stock
You may realize substantial tax benefits for this type of gift. For business owners and their family members with a substantial portion of their estates linked to their businesses, gifts of closely held stock can provide planning flexibility and tax minimization.
For closely held securities, including interests in limited partnerships and similar investments, review of the gift by Clarkson prior to transfer is required. Clarkson must determine that there are no sale restrictions, that the security is marketable, and that there are no adverse tax implications for Clarkson if the gift is accepted. Donors will need a qualified appraisal of most gifts of closely held securities in order to establish the amount of their charitable contribution deduction.