Five Essential Tips for Donating Your Business Interest Before You Exit

Five Essential Tips for Donating Your Business Interest Before You Exit

The complexities related to selling business interests can be difficult to navigate. As a wealth triggering event, it is important to keep the tax efficiencies of charitable giving top of mind. Donating private business interests can be an effective and tax-efficient way for your clients to meet their charitable giving and legacy planning goals.

We’ve drawn upon our extensive experience in accepting charitable contributions of non-publicly traded assets to create this short paper that highlights five essential tips to guide your conversations as clients prepare to sell their businesses, including advice on:

  • Preparing company documentation
  • The value of the appraisal requirement
  • Choosing a charitable giving strategy

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About Fidelity Charitable®

Fidelity Charitable is an independent public charity that has helped donors support more than 328,000 nonprofit organizations with more than $51 billion in grants. Established in 1991, Fidelity Charitable launched the first national donor-advised fund program. The mission of the organization is to grow the American tradition of philanthropy by providing programs that make charitable giving accessible, simple, and effective.

 

Fidelity Charitable is the brand name for Fidelity® Investments Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license. The tax information provided is general and educational in nature, and should not be construed as legal or tax advice. Fidelity Charitable does not provide legal or tax advice. 799560.1.0