St. Paul Breakfast Meeting: Gifts of Real Estate & Closely Held Stock

Date: Tuesday, January 20, 2015
Time: 7:30am - 9:00am
Location: Midland Hills Country Club
Speaker: Pat Plunkett


Gifts of Real Estate and Closely-Held Stock
Presenter J. Patrick Plunkett

Gifts of real estate or closely-held stock by a donor to a qualifying charitable, educational, ‎religious or governmental organization can be attractive and beneficial to the donor. In a worst ‎case scenario, the donor is able to part with a “White Elephant.” In a best case scenario, the ‎donor is able to claim a tax deduction for the fair market value of the property without regard to ‎the donor’s cost basis.‎

In either case, the IRS will require that the donor comply with certain requirements as a condition ‎of claiming a charitable deduction. In addition, the donee organization may require the donor to ‎make certain representations and warranties as a condition to accepting the gift.‎

Pat Plunkett will review the IRS requirements for charitable deductions of gifts of real estate or ‎closely-held stock, and will provide insight into the conditions that a sophisticated donee will ‎likely impose as a condition prior to accepting the gift.‎

Seeking 1 hour of Minnesota insurance CE and 1 hour of CLE CE (Pending Approval)

Registration, Networking and Breakfast: 7:30 - 8:00 am
Meeting Begins:  8:00 am
Meeting Ends:  9:00 am

RSVP by January 15th, 2015

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