Charitable Gift Planning Q&ACharitable Gift Planning Q&A
Jonathan G. Tidd shares seven common questions he gets from clients and the answers he provides.
October 18, 2018
I get lots of questions from clients regarding charitable gift planning. Here are seven common questions, as well as the answers.
Holding Stock
Q. Can a charitable remainder trust (CRT) hold closely held stock for more than five years?
A. Yes, if no charitable deduction (for example, gift tax charitable deduction) was allowed with respect to the trust payout. If no such deduction was allowed, the excess business holdings provisions of Internal Revenue Code Section 4943 don’t apply to the trust.1
Stock for Charitable Gift Annuity
Q. Is it all right to fund a charitable gift annuity with closely held stock if everyone anticipates that the donor’s corporation will redeem the stock from the charity for cash?
A. Yes, but there’s a tax problem f...
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