Closely Held Business Stock

Closely Held Business Stock Diagram

How It Works

  1. You make a gift of your closely held stock to NJIT 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. NJIT 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
  • NJIT receives a significant gift

More Information

Contact Us

Monique Moore Pryor, J.D.
Assistant Vice President of Major and Planned Gifts
(973) 596-8548
monique.pryor@njit.edu

 

The New Jersey Institute of Technology
323 Dr. Martin L. King Blvd.
Newark, New Jersey 07102

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