Closely Held Business Stock

A business owner who contributes closely held stock to St. John's will be allowed a charitable deduction for the fair-market value of the stock. An additional benefit is that the donor will escape the potential capital-gain tax on any appreciation in the value of the stock.

Subsequent to the gift, the corporation could purchase the stock from St. John's for cash. This not only enables the donor to retain complete control over the company but also makes cash available to St. John's for its current needs. As long as St. John's is not obligated to sell the stock to the corporation, the transaction should produce no adverse tax results.

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Contact Us

Tom Veith
Associate Director of Advancement
tveith@stjohnschs.org
202-363-2316

 

St. John’s College High School
2607 Military Road, NW
Chevy Chase, DC 20015
Federal Tax ID Number: 53-0242993

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For more information about making an estate gift or the De La Salle Legacy Society, please contact Associate Director of Advancement Tom Veith at 202-363-2316, or tveith@stjohnschs.org.