Planned Giving

Using Stock For Donations

Charitable Giving Strategies for the Business Owner

If you hold stock in a closely-held business, you may be able to use that stock to support the future of the Archdiocese of Chicago.

Closely held stock* is most often used to support our work in the form of an outright gift. You can make a gift of closely held stock if the constituting documentation for the business permits additional owners and it is debt-free. The donation of closely held stock first requires you to value the interest in the business entity.

Review this checklist to see if you may benefit from donating closely held stock. Then, consult your professional legal and tax advisors to see how to maximize the benefits of this tax-efficient strategy for making a difference.

  • You would like to maintain a controlling position in the corporation's outstanding stock.
  • You would like to avoid capital gains taxes on the shares you donate to the Archdiocese of Chicago.
  • You would like to receive a federal income tax deduction for the full appraised value of the gift.
  • You would like to remove retained earnings from the corporation, without having them taxed again.
  • You would like to support our mission.
  • You are a majority shareholder in a closely held corporation.


Click on the links below to see the additional ways to fund your gift with closely held stock:

  • A gift in your will or living trust
  • A charitable gift annuity
  • A charitable remainder trust
  • A charitable lead trust

* A gift of closely held stock requires special handling, so you should always consult with your legal or tax advisor first.

Next Steps

  • For additional information on giving a gift of closely held stock, please contact:
    Elin R. Schriver, Planned Giving Relationship Manager
    Archdiocese of Chicago
    835 North Rush Street
    Chicago, IL 60611-3020
    312.534.5396
    eschriver@archchicago.org
  • Seek the advice of your financial or legal advisor.
  • If you include the Archdiocese in your plans, please use our legal name and federal tax ID.

Legal Name: Archdiocese of Chicago or The Catholic Bishop of Chicago

Federal Tax ID Number: 36-2170826

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.