Outright Gifts - Stock If you are a business owner and you contribute closely held stock, you may take a charitable deduction for the stock's appraised fair market value. Besides increasing your cash flow, you also avoid the potential capital gains tax on the appreciated value of the stock. The corporation may buy back the stock, but so long as the Purdue School of Engineering and Technology is not legally obligated to sell back the stock, you may enjoy significant tax savings. For record purposes, the date of a gift of closely held stock is considered to be the date the stock is transferred. Features & Benefits: Opportunity to make a substantial gift to Purdue School of Engineering and Technology Charitable income tax deduction Avoid capital gains taxes Positive impact on cash flow Estate tax and probate savings Excellent estate planning opportunity for yourself and your heirs Outright Gifts: Gifts of Appreciated Property | Bargain Sales | Gifts of Closely Held Stock Giving : Dean's Council | Ways to Give to PSOET | Basics | Outright Gifts | Life Income Plans | Other Planned Gift Arrangements | Wills and Estate Plans | Appreciation and Recognition [an error occurred while processing this directive] [an error occurred while processing this directive]