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Giving Home > What to Give > Gifts of Business Interests: Turning Success into Opportunity

Gifts of Business Interests: Turning Success into Opportunity

If you are planning to sell your business or transition ownership, donating a portion of your business interest, such as corporate stock, LLC shares, or partnership interests, as part of the sale package can be a powerful way to support Utah Valley University (UVU) while achieving meaningful financial and philanthropic goals.

The mascot Willy the Wolverine wearing a business suit

Potential Benefits to You:

  • Receive a charitable income tax deduction for the value of your gift
  • Avoid capital gains taxes on the sale of donated business assets or stock
  • Create lifetime income if your business interest is used to fund a planned gift, such as a charitable remainder unitrust

Potential Benefits to UVU:

  • Your gift helps students gain access to education that leads to career advancement and financial stability
  • You support programs that prepare graduates to meet the needs of Utah’s growing workforce
  • You invest in the future, fueling innovation, opportunity, and economic growth across the region

As a business owner, you have the opportunity to support UVU by donating a portion of your business interest. This type of gift can be used to fund academic programs, create endowed scholarships, and support initiatives that directly benefit students and the university community. You may also consider using your business interest to fund a charitable remainder trust, which can provide lifetime income and ultimately benefit UVU.

By supporting scholarships, programs, and initiatives at UVU, you help inspire students as they pursue their education, strengthen families through expanded career opportunities, and contribute to a thriving regional economy as graduates enter the workforce.

All gifts-in-kind are subject to review by the university’s Gift Acceptance Committee. Business interests must be marketable, as UVU does not hold these assets long-term. Whether a gift can be accepted will depend on the university’s gift acceptance policies and the ability to convert the asset to cash.

Planning Considerations

Because gifts of business interests can be complex, we strongly encourage you to work with your financial advisor and exit planning professional to evaluate your options and timing. These experts can help you navigate tax implications, ownership structures, and charitable strategies that align with your goals.

Disclaimer

UVU does not offer financial, legal, or tax advice. We encourage you to consult with your legal and tax advisors to determine the approach that best fits your goals.

Contact us

If you have any questions about making a gift of a business interest or your business assets, please contact us. We would be happy to assist you and answer your questions.