Gifts of Business Interests
You give shares of closely-held stock to TCNJ. TCNJ offers the stock back to your company for redemption or re-purchase and uses the proceeds for its programs.
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 have the satisfaction of making a significant gift that benefits both you and TCNJ during your lifetime.
Please call The College of New Jersey Gift Planning Office at 609-771-3285, or e-mail jspencer@tcnj.edu for more information.
