How donors can use business assets to fund gifts

Since 2007, small businesses have enjoyed a tax benefit which was passed by congress to stimulate the economy. Purchased equipment and vehicles have mostly been depreciated for tax purposes. What happens when these assets are sold or the business is transitioned to new ownership? The short answer is, they are taxed. Many of these small businesses are owned by some of your donors. At this roundtable, we will discuss ways donors can use the benefits of making gifts to your organization with these assets, in a very tax-wise way.