Closely Held Business Stock

Closely Held Business Stock Diagram

How It Works

  1. You make a gift of your closely held stock to Cornell Lab of Ornithology 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. Cornell Lab of Ornithology 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
  • Cornell Lab of Ornithology receives a significant gift

More Information

Contact Us

Liz Kinast
ec63@cornell.edu
607-254-2471

Bramble Klipple
bck42@cornell.edu
607-254-1105

 

Development Office
159 Sapsucker Woods Rd.
Ithaca, NY 14850

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