Discounted Gifts

One may transfer traded securities to a partnership and then gift partnership interests and pay less gift tax then if the securities were gifted outright due to allowable discounts for lack of marketability and minority interests in the partnership. Parents created a limited partnership and funded...

Morrison & Foerster LLP: Funding the Family Foundation: Qualified Appreciated Stock

By Joy S. MacIntyre , Morrison & Foerster LLP In an earlier post we described some of the tax benefits - and challenges - associated with donating corporate securities to a family foundation or other private foundation. On the right facts, the donor in such a case can claim a deduction equal to...