Charitable Gift Planning

Charitable Gift Planning

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Gifts of Business Interests

Gift of Business Interests

How It Works

  • You give shares of closely-held stock to the Kentucky Baptist Foundation
  • Kentucky Baptist Foundation will offer the stock back to your company for redemption or re-purchase. Kentucky Baptist Foundation will distribute the earnings from investment of the sale proceeds to the cause(s) you designate.

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 can make a significant gift that benefits both you and charitable causes important to you during your lifetime without using your cash reserves to do so.

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Kentucky Baptist Foundation
P.O. Box 436389
Louisville KY 40253-6389
502-489-3533 | Fax: 502-489-3564



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