Robert R. Cawley, D.O.
Dover, NH 03802
A business owner who contributes closely held stock to Wentworth-Douglass Foundation 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 Wentworth-Douglass Foundation for cash. This not only enables the donor to retain complete control over the company but also makes cash available to Wentworth-Douglass Foundation for its current needs. As long as Wentworth-Douglass Foundation is not obligated to sell the stock to the corporation, the transaction should produce no adverse tax results.
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Sue Chase, CFRE |
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For more information about gift planning, contact Sue Chase, CFRE, Major Gifts Officer, at 603-609-6161 xt 4391 or schase8@mgb.org.
Wentworth-Douglass Hospital & Health Foundation is a 501(c)(3) charitable organization. Gifts are tax deductible to the full extent of the law.
EIN: 51-0491062