Planned Giving

Gifts of Business Interests — Closely Held Stock

You can give Bob Jones University Museum & Gallery* investment partnership shares or closely-held stock, as an outright transfer or to fund a life-income gift. Such a gift should be carefully reviewed by your legal and tax counsel first, and we will also assess it before we proceed.

How it works

You give shares of closely-held stock to Bob Jones University Museum & Gallery*.
BJU M&G* offers the stock back to your company for redemption or re-purchase and uses the proceeds for its programs.

Benefits

You receive gift credit and an immediate income tax deduction for the appraised value of your shares, even if their original value was close to zero.
You pay no capital gains tax on any appreciation that has taken place in the shares.
Under certain conditions, you may be able to use closely-held shares to fund a life-income arrangement.
You can have the satisfaction of making a significant gift that benefits both you and BJU M&G* during your lifetime.

A gift of business interests is for you if ...

You are an entrepreneur, member of a family business, or participant in a professional corporation.
You hold an ownership interest in a viable enterprise, and are able to transfer your interest to third parties like us.
Your interest will continue to generate revenues that can flow to us, or will be redeemed by the enterprise in the near future.
Your interest is not encumbered by debt, and we will not be called on to make future contributions to or for the enterprise.
You want to save both income and capital gains tax.
The business interest is marketable.
You want to increase your income without paying capital gains taxes by selling it.
You want to transfer assets to your heirs with minimal tax ramifications.

To learn more about gifts of business interests, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.

*BJU does not qualify as a 501(c)(3) tax-exempt organization, and gifts to it may not be deducted for federal income, gift, or estate tax purposes. The BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, and GFA are all 501(c)(3) tax-exempt organizations, and gifts to these organizations may be deducted for federal income, gift, or estate tax purposes. All gifts above marked by an asterisk can be established only for the BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, or GFA, but not for BJU.