Business Interests

As a business owner, you can use your company's success to achieve your charitable goals. A gift of business stock or assets can provide tax benefits and help further the mission of the Kansas Methodist Foundation.

Benefits

• Receive a charitable income tax deduction
• Avoid tax on the sale of business stock or assets
• Create lifetime income if used to fund a planned gift

Tax Deduction

Overview *

• FMV if held more than one year
• Deduction capped at 30% of Adjusted Gross Income (AGI)

HOW TO GIVE

Closely Held Stock

• Donate voting or non-voting shares directly to KMF and receive an income tax deduction.
• Contribute shares to a donor advised fund (DAF), receive a deduction, and recommend grants from the fund to your favorite causes.
• If your business is an S corporation, special rules apply—please contact us for guidance.

Business Assets

• A gift of a non-inventory asset may qualify for a charitable deduction based on its appraised value.
• Deductions are limited to 10% of corporate taxable income, with a five-year carry forward for unused amounts.
• For S corporations, deductions pass through to shareholders based on ownership percentage.

Additional Planning Options

• Business succession and charity: Before selling your business, consider donating a partial interest to KMF to reduce or eliminate capital gains tax.

• Tax-efficient income: Fund a charitable remainder trust with business assets to sell tax-free, receive lifetime income, and claim a charitable deduction.

Questions?

To discuss how a gift of business interests can meet your financial and charitable goals, please contact us. We’ll be happy to help.

* Not intended as legal or tax advice.

MORE WAYS TO GIVE

Let's Get Started

Need help in starting or growing your endowment program? The first step is talking with Rev. Dr. Dustin Petz, President and CEO of the Kansas Methodist Foundation.

email dustin