Gifts of Partnership Interests
How It Works
- You convey a partnership interest to Yale.
- Depending on the circumstances, Yale may choose to hold the partnership interest or to sell it quickly. Any partnership distributions or sales proceeds will be applied to the purposes you designate.
Benefits
- You receive gift credit and an immediate income tax deduction for the appraised value of the donated partnership interest, net of any liabilities.
- Under certain conditions, you may be able to use a partnership interest to fund a life income arrangement, such as a Unitrust.
- You can have the satisfaction of making a significant gift that benefits both you and Yale during your lifetime.