Closely Held Stock

Charitable Giving Strategies for the Business Owner

If you hold stock in a closely held business, you may be able to use that stock as a powerful way to support our scholars' futures.

Closely held stock* is most often used to support our work in the form of an outright gift. You can make a gift of closely held stock as long as the constituting documentation for the business permits additional owners and is debt-free. The donation of closely held stock first requires you to value the interest in the business entity.

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.

  • You would like to support our mission.
  • 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 maintain a controlling position in the corporation's outstanding stock.
  • You would like to avoid capital gains taxes on the shares you donate to Step Up For Students.
  • You would like to receive a federal income tax deduction for the full appraised value of the gift.

Click on the links below to see the additional ways to fund your gift with closely held stock:

*This type of gift will need to be reviewed and approved by the Step Up For Students CFO.

Next Steps

  1. Contact Elizabeth L. Watson at (407) 491-7429 or ewatson@stepupforstudents.org for additional information on giving a gift of closely held stock*.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Step Up in your plans, please use our legal name and federal tax ID (59-3649371).

Legal Name: Step Up For Students
Address: 4655 Salisbury Road, Suite 400, Jacksonville, FL 32256
Federal Tax ID Number: 59-3649371

*This type of gift will need to be reviewed and approved by the Step Up For Students CFO.