Trusts & Estates Features Chris Mellen

Charitable Gift Valuations Before a Business Sale

By: Chris Mellen

VRC's Mellen featured in Trusts & Estates Magazine

Trusts & Estates magazine recently published an article on charitable gift valuations authored by Chris Mellen, managing director of VRC’s Boston office.

Mellen discusses tax-efficient donor-advised funds as a popular philanthropic vehicle for business owners to gift shares of privately held companies prior to the sale of their business. The article provides illustrative examples of the tax benefits realized as well as the valuation considerations and impacts that must be considered when pursuing this type of arrangement.

Should a business owner or other high-net-worth individual want to consider the benefits of donating shares of privately held stock Mellen states, “At a high level, and if executed properly, your client may be able to avoid capital gains tax on the sale of privately held stock.”

A copy of the article can be accessed through Trusts & Estates online publication.