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Gifts of closely held business interests can be very attractive to donors and charities if handled properly. There are, however, a number of questions about these gifts that do not come up with gifts of cash and publicly traded securities.
How will the donor’s income tax deduction be computed and substantiated? Will the gift generate gain for the donor? Can a donor fund a CRT or CLT with a closely held business interest? What “due diligence” should the organization and its counsel complete in considering the organization’s acceptance and management of the gift?
Join Gray Plant Mooty attorneys Sheryl Morrison and Barry Clegg on Tuesday, September 12 to learn more.
Gray Plant Mooty
80 South Eighth Street
500 IDS Center
Minneapolis, MN 55402
Gray Plant Mooty is recognized as one of the leading corporate law firms in Minnesota and one of the top franchise firms in the world. Our roots go back to 1866. Today, we are a full-service firm with nearly 180 attorneys and offices in Minneapolis and St. Cloud, Minnesota; Washington, D.C.; and Fargo, North Dakota.