If you invested in a partnership to gain tax losses generated in its early years, you may want to consider donating your interest once income starts flowing to the partners. Gifts of transferable partnership interests—primarily in real estate or business interest—can be made outright to The Nature Conservancy. In some cases they may also be used to fund a life-income gift, such as a charitable remainder unitrust. For more information contact one our gift planning experts at (877) 812-3698 or at email@example.com.
How It Works
- You convey a partnership interest to The Nature Conservancy.
- Depending on the circumstances, The Nature Conservancy may choose to continue the partnership interest or to sell it and use the proceeds for its programs.
- Receive gift credit and an immediate income tax deduction for the appraised value of the donated partnership interest, net of any liabilities that might pertain to it.
- Know you have made a significant gift that benefits both you and The Nature Conservancy during your lifetime.
- Under certain conditions, gift a partnership interest to a life-income arrangement, such as a charitable remainder unitrust.
A Gift of Partnership Interest May Be for You If:
- You hold an interest in a real estate or other investment partnership.
- You invested to share in the partnership's initial tax losses, which have now ended.
- The partnership no longer fits your investment strategy.
- You no longer want to receive taxable income from the partnership.
- The partnership agreement permits you to transfer your interest to third parties like The Nature Conservancy.
- Your partnership interest is not encumbered by debt.
Because of the technicalities involved, some precautionary steps must be taken. You should first determine if the partnership allows shares to be transferred. Gifts of partnership interests involve The Nature Conservancy in issues of marketability, taxation, liability, and the potential of later assessments by the partnership, and so the transfer must be reviewed and approved.
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.
For more information contact one our gift planning experts at (877) 812-3698 or at firstname.lastname@example.org.
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