Closely Held Business Stock

Closely Held Business Stock Diagram

How It Works

  1. You make a gift of your closely held stock to the University of Illinois Foundation and get a qualified appraisal to determine its value
  2. You receive a charitable income-tax deduction for the full fair-market value of the stock
  3. The University of Illinois Foundation may keep the stock or offer to sell it back to your company

Benefits

  • You receive an income-tax deduction for the fair-market value of stock
  • You pay no capital-gain tax on any appreciation
  • Your company may repurchase the stock, thereby keeping your ownership interest intact
  • The University of Illinois Foundation receives a significant gift for the benefit of UIS

More Information

Contact Us

Justin T. Seno, CFP®
Associate Director of Gift Planning
Office of Gift Planning and Trust Services
University of Illinois Foundation
1305 W. Green Street, MC-386
Urbana, IL 61801
(217) 244-8273 phone
(217) 333-5577 facsimile
jtseno@uif.uillinois.edu

 

University of Illinois Foundation
1305 W. Green Street
Urbana, IL 61801

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