Closely Held Business Stock

Closely Held Business Stock Diagram. Description of image is listed below.

How It Works

  1. You make a gift of your closely held stock to University of Chattanooga Foundation and get a qualified appraisal to determine its value
  2. You receive a charitable income-tax deduction for the full fair-market value of the stock
  3. University of Chattanooga Foundation may keep the stock or offer to sell it back to your company

Benefits

  • You receive an income-tax deduction for the fair-market value of stock
  • You pay no capital-gain tax on any appreciation
  • Your company may repurchase the stock, thereby keeping your ownership interest intact
  • University of Chattanooga Foundation receives a significant gift

The University of Chattanooga Foundation exists as a repository for gifts aimed at benefiting the University of Tennessee at Chattanooga.

Contact Us

Erica Siemers
Sr. Associate Vice Chancellor for Advancement
(423) 425-4232
erica-siemers@utc.edu
Federal Tax ID Number: 62-0476521

 

University of Tennessee at Chattanooga
ATTN: Erica Siemers
615 McCallie Ave., Dept. 6806
Chattanooga, TN 37403

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