2 ways to keep giving
If this year has been tough on your business, you might be praying for a way to honor your giving commitments and continue being generous. Your plans may have gone awry with the economic hit, but you know that charities need help more than ever.
Transfer your business to your heirs or employees
Integrating charitable giving into your business succession plan can further your generosity goals while increasing tax efficiency to benefit your giving and family.
Transfer a portion of your business to charity
You may potentially give an interest in your business to NCF, still maintain operational control, and decrease the taxes you’ll owe
this year.
How it works
This table shows the impact of giving a 3% interest in a $10,000,000 family business (S-corp), with $1 million of K-1 income. It assumes a 42% ordinary income tax rate. 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 not performing as expected this year, there are still unique opportunities that can help you save and fulfill your giving goals and commitments this year.
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.