Spring Series 2019 Part 2 – Gifts You May Have Never Considered: Accepting Crops, Cows, Cabins and More!
Presenter: Eric Joranson, Senior Director of Development, Complex Assets, National Philanthropic Trust
Original Presentation: May 2019
In 2017, $1.85 trillion in assets changed hands through mergers and acquisitions. Private business owners (18.3 million Americans) represent a large portion of that transition, 79% of whom identify as philanthropic. Donations of noncash assets such as real estate, tangible property and privately held stock have become assets donors commonly explore donating to charity. This session will explore how to help business owners convert their illiquid interests into philanthropic capital.
Case studies will include:
- A $4 million gift of a single-member LLC interest holding commercial real estate in Wisconsin
- A $800 thousand gift of an LLC interest holding commercial real estate in Minnesota
- Gifts of farm machinery, artwork, grain and more
- Why business owners give charitably, what motivates them, and how that might alter the fundraising approach
- The most important things to think about with donors considering giving a business interest or other non-cash asset
- Which vehicles and strategies work the best for gifts noncash assets