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The impact of giving business interests

by Wealth Management

Over the years as an attorney, NCF’s Jeff Waldron has worked with a lot of businesses. Many of these have been family-run and family-owned businesses. According to a 2026 reportopens in a new tab from the U.S. Small Business Administration Office of Advocacyopens in a new tab, about one in four employer firms (26.1%) were family-owned in 2022.

Thinking about selling that business has important financial implications and can be highly emotional. The business can be like an extension of their own family. It’s their life’s work. That’s partly why many of them choose to make a business interest gift as part of their preparation for sale: Giving a piece of their business to charity, rather than just giving cash, can be uniquely emotional and spiritual. But it can also be a wise stewardship move.