Is This Gift Right for You?

Review this checklist to see if you may benefit from donating closely held stock. Then, consult your professional legal and tax advisors to see how to maximize the benefits of this tax-efficient strategy for making a difference at Worcester State University.

You are a majority shareholder in a closely held corporation.
You would like to remove retained earnings from the corporation, without having them taxed again.
You would like to support our important work.
You would like to maintain a controlling position in the corporation's outstanding stock.

Tax Tip
Your gift of closely held stock will reduce your percentage interest in the corporation if you own less than 100 percent. If you own all the stock, however, a gift of a portion, followed by a redemption, will leave you still owning 100 percent of the outstanding stock.

We Can Help
Please contact Thomas McNamara at 508-929-8033 or tmcnamara@worcester.edu if we can answer any questions you may have about whether this gift option is right for you and how you can benefit. We're happy to help you, at no obligation.

Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.

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