Getting
Started: Gift Strategy Using Closely Held Stock
At first, the idea of donating some of your closely held stock may
sound a bit strange. After all, how could we, or any other
charitable organization, benefit from such a gift?
Gifts of
Securities: Closely Held Stock
A gift of closely held stock usually represents a minority block of
the total outstanding shares. After obtaining a qualified appraisal
of the shares (required if the gift's value is above $10,000) that
takes into account a discount for the minority interest, the
desired gift is made.
For additional information on gift planning, contact Susan
Damiani, Director of Gift Planning, at (718) 990-7562 or e-mail damianis@stjohns.edu