2 ways to give from your business
If your business has been fortunate enough to prosper this year, then you have a powerful engine to fund your charitable goals. With the increased value, you may even be considering a potential sale. Or you may be thinking about the increased taxes that come along with higher profits.
Give a portion of your business before you sell it
If you are contemplating a liquidity event this season, this could be your opportunity of a lifetime to give more than you ever imagined.
Give a portion of your business while you still own it
To unlock more for charity without waiting for a liquidity event, consider gifting a portion of business now by donating a non-controlling interest in your business.
How it works
This table shows the impact of giving a 20% interest in a $5,000,000 C-corp (with a $100,000 cost basis) prior to the sale. It assumes a 42% ordinary income tax rate, 25% capital gains tax rate, and a 3.8% Medicare surcharge. To learn more about this type of gift, contact your local NCF team.
Resources to show you how you can give from your business
If your business is doing well, you may be feeling like you want to give more this year. We’ve found some unique opportunities that may help you do just that.
Download Your Guide to the 2020 Giving Season
We’ve summed up the best giving opportunities 2020 offers to help you give more this year than you imagined you could.
Explore a gift opportunity before December 31st
Our team at NCF would be honored to serve you and help you make the most of your charitable giving.