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.