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If you own closely held stock and it is transferable, it may be advantageous for you to gift it to World Vision. Gifts of closely held stock may qualify for a charitable income tax deduction based on the appraised fair market value of the stock. You may give such stock outright, use it to fund a life-income arrangement such as a Charitable Remainder Unitrust or FLIP Trust, or gift it through your estate. You may also use closely held stock to fund a Charitable Lead Trust. Since World Vision does not normally hold stock long-term, acceptance of closely held stock may depend on the companys ability to redeem the stock. Gifts of closely held S-Corporation stock to a charity are now permissible.
Gifts of Other Assets |
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