A gift to Suffolk of closely held stock is similar to that of appreciated, publicly traded securities. You will realize a personal income tax charitable deduction for the fair market value of the stock and avoid capital gains taxes on the appreciation.

Helen T.’s gift of closely held stock

Helen T., the daughter of Haitian immigrants, was a recipient of a scholarship to Suffolk University. After earning an MBA from the Sawyer School of Management, Helen went on to launch a successful business. Helen wanted to give back to the University, but her assets were tied up in her company. She made the decision to transfer stock in her company to Suffolk. After the transfer, Helen bought back the stock from Suffolk at the fair market value. As a result, Helen gave Suffolk a significant gift.

With this gift of closely held stock, Helen has:

• Received an income tax deduction for the full fair-market value of the stock
• Avoided capital gains tax on the appreciation of the stock
• Made a significant gift to Suffolk University

Please contact the Office of Advancement to learn more about gifts of closely held stock.