When the time comes to transfer or sell your business, there are tax and practical reasons for including a charity in the plan.
A gift of business interests is for you if…
Gifts of business interests, such as stock in a closely held corporation, S-corporation stock, and shares in a professional corporation, can benefit you and Audubon.
You will receive a charitable income tax deduction for the full fair market value of the shares, with no capital gains liability for the transfer to us. In some cases you may be able to use the shares to fund a gift plan that pays lifetime income to you, like a charitable remainder unitrust, or that lowers the gift/estate-tax cost of passing a family business to the next generation (learn more about charitable lead trusts).
Audubon will receive dividends from the shares you donate and will apply the dividends to the purposes you designate. Alternately, we will offer the shares to the corporation for redemption or repurchase. Note that while we will be pleased to consider a redemption of the shares, there can be no prior written agreement between you and the corporation or a third party to offer us such a redemption - if there is, the IRS will impose capital gains tax on your gift transfer.
Office of Gift Planning
National Audubon Society
225 Varick Street, 7th Floor
New York, NY 10014