Webb School of Knoxville
Webb School of Knoxville

.

support webb choral students singing and performing in stands

Closely Held Business Stock

A business owner who contributes closely held stock to Webb will be allowed a charitable deduction for the fair-market value of the stock. An additional benefit is that the donor will escape the potential capital-gain tax on any appreciation in the value of the stock.

Subsequent to the gift, the corporation could purchase the stock from Webb for cash. This not only enables the donor to retain complete control over the company but also makes cash available to Webb for its current needs. As long as Webb is not obligated to sell the stock to the corporation, the transaction should produce no adverse tax results.

Contact Us

Hugh Nystrom '85
Director of Advancement
865.291.3837
Hugh.Nystrom@webbschool.org
Webb School of Knoxville
9800 Webb School Drive
Knoxville, TN 37923
Federal Tax ID: #62-0550980

Back

Help Support Webb

Go farther. Go further.