Gift Planning at Yale

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="//www.w3.org/1999/xhtml"> <head> <title> Gift Planning at Yale </title> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <meta name="keywords" content="planned giving, gift planning, donations, charitable bargain sale, income tax deduction" /> <meta name="description" content="Give an asset that may help us more than it is helping you, such as a life insurance policy whose coverage your family no longer needs, or real estate such as a second home or a parcel of undeveloped land, or even a collection of books or artwork" /> <link href="css/anylink.css" type="text/css" rel="stylesheet" /> <link href="css/base.css" type="text/css" rel="stylesheet" /> <script src="js/toolbar.js" type="text/javascript"></script> <style type="text/css"> #vgnext { display: none; } #vgitgfy { display: none !important; } #vghowworks { width: 100%; } #vgbenefits { width: 100% } #giftdiag { float: left; margin-bottom: 20px; } #giftlogo { display: none; } .giftdiagram { float: left; } #charter td { padding: 7px; } .vgslide { display: none; } .vgcalclink { display: none !important; } .giftbullets { margin-right: 7px; float: left; clear: left; margin-bottom: 15px; } #vgrelatedlinks { display: none; } .subtext { clear: none !Important; } #vghowworks h2 { margin-top: 0px; } </style> <link href="css/twoColElsRtHdr.css" rel="stylesheet" type="text/css" />  <style type="text/css">  </style> </head> <body class="twoColElsRtHdr" > <div id="container"> <div id="header"> <h1>Giving to Yale</h1>  </div> <div id="sidebar1"> <h3>Related Links</h3> <p><a href="GIFTpartner.php">Gift Illustration</a></p> <p><a href="GIFTpartner2.php">Complete Gift Description</a></p> <p><a href="GIFTpartner3.php">Is This Gift Right For You?</a></p> <p><a href="GIFTpartner-faq.php">Frequently Asked Questions</a></p> <p><a href="mailto:development.plannedgiving@yale.edu">Contact Us</a></p> <div id="close"> <p> </p> <p><a href="javascript: self.close()" class="style1">Close Window</a><br /> <br /> </p> <div align="right" style="margin-bottom:5px; padding-left:10px; padding-top:7px; text-align:left;"> <a href="javascript:ts('body',1)"><img src="images/toolbar-inc.gif" style="margin-bottom:10px;" border="0" /></a> <a href="javascript:ts('body',-1)"><img src="images/toolbar-dec.gif" style="margin-bottom:10px;" border="0" /></a> <br /> <a href="?id=print" target="_blank"><img src="images/toolbar-print.gif" style="margin-right:20px;" border="0" /></a> <a href="javascript:mailpage();"><img src="images/toolbar-send.gif" border="0" /></a> </div>  </div> </div> <div id="mainContent"> <h1>Gifts of Partnership Interests: The Details</h1> <p class="subtext"> When the time comes to transfer or sell your business, there are tax and practical reasons for including a charity in the plan.</p> <div id="vgitgfy"> <h2>Is this gift right for you?</h2> <p>A gift of partnership interest is for you if…</p> <ul> <li>You hold an interest in a real estate, oil and gas, or other investment partnership. <li> The partnership no longer fits your investment strategy, or you do not want to receive taxable income from it. <li> The partnership agreement permits you to transfer your interest to third parties like us. <li> Your partnership interest is not encumbered by debt, and we will not be called on to make any future contributions to or for the partnership. </li> </ul> </div> <p>Gifts of transferable partnership interests — primarily in real estate or oil and gas ventures — can benefit you and further our mission. Gifts are usually made to us outright, but in some cases may be used to fund a life income gift, such as a <a href="GIFTcharituni.php">charitable remainder unitrust</a>.</p> <p>You will receive a charitable deduction for your gift, generally based on the difference between your share of the fair market value of the partnership and your share of its liabilities. You will need to consult with your tax advisor regarding proper validation.</p> <p><b>What steps do I need to take to contribute a partnership interest?</b></p> <p>Because of the technicalities involved, some precautionary steps must be taken. You should first determine if the partnership allows shares to be transferred. Because gifts of partnership interests involve Yale in issues of marketability, taxation, liability, and the potential of later assessments by the partnership, the transfer must be reviewed and approved.</p> <p>Be sure to first consult with your attorney and accountant to ensure this is an advantageous gift for you. We can work with them to review the benefits and procedures of making a gift. </p> <br /><br /><br /> <br /> </div> <div id="footer"> <h5>Yale University Office of Planned Giving</h5> <p>PO Box 2038, New Haven, CT 06521 | 800.445.6086 | <a href="mailto:development.plannedgiving@yale.edu">Email us </a></p> </div> </div> </body> </html>  </body></html>

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Gift Planning at Yale