Closely-held stock

“Closely-held stock” is essentially corporate stock that is not traded on a public exchange. Quite often, corporations that issue such stock have only a limited number of shareholders sometimes just one! On occasion, however, a corporation might be quite large (having even as many as thousands of shareholders), yet its stock is still closely held.

Giving Closely-held Stock

• Under certain circumstances, someone who owns closely-held stock may be able to give it to Medical Teams International by means of an outright transfer or in exchange for a charitable gift annuity.
• In other cases, a charitable remainder trust or a charitable lead trust might be more appropriate.

In any event, the tax aspects of using closely-held stock to make a gift are generally the same as those associated with using publicly-traded securities.

Finally, other kinds of closely-held business interests, such as units in partnerships or limited liability companies, can also be used to make gifts so long as certain conditions are met.

If you would like additional information, please contact us.

Mary Lee Alder
mlalder@medicalteams.org
(503) 624.1210