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Gifts of Business Interests
CLICK HERE FOR A DETAILED EXPLANATION
How it works
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You give shares of closely-held stock to The Latin School of Chicago. |
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The Latin School receives dividends from the stock, or offers the stock back to your company for redemption or re-purchase. |
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 have the satisfaction of making a significant gift that benefits both you and The Latin School during your lifetime.
More
To learn more about gifts of business interests, E-mail us, complete the Information Request Form, or call us at (312) 582-6042 so that we can assist you.
The Latin School of Chicago
59 W. North Blvd. Chicago, IL 60610
(312) 582-6042 | Fax: (312) 582-6041
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