Gifts of Business Interests

Gift of Business Interests

How It Works

  • You give shares of closely-held stock to the Exeter
  • Exeter may hold the shares and collect the dividends, or it may offer the stock back to your company for redemption or re-purchase. Exeter will apply dividends or the proceeds to the purposes you wish to support.

Benefits

  • You receive gift credit and an immediate income tax deduction for the appraised value of your shares, even if their original value was close to zero.
  • 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 make a significant gift that benefits both you and Exeter during your lifetime without using your cash reserves to do so.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers

Are there any restrictions on transferring my shares?

Does Exeter need to know ahead of time that I plan to transfer shares?

Another shareholder has agreed to buy my shares, but if I give them to you instead, and then you sell them to the shareholder, I’ll avoid capital gains on the sale. Will that work?