Gifts of Partnership Interests

Gifts of transferable partnership interests can benefit both you and the Delco Memorial Foundation. Partnership interests can be gifted outright or, in certain cases, used to fund life-income arrangements such as a Charitable Remainder Trust. They can be given during your lifetime or at your death through your estate. Gifts of partnership interests qualify for a charitable deduction based on (but not necessarily equal to) the difference between your share of the fair market value of the partnership’s assets and your share of the partnership’s liabilities. Examples of partnership interests are: real estate partnerships, oil and gas partnerships, general business partnerships, and Limited Liability Company interests. Gifts of partnership interests have legal and tax implications that should be carefully reviewed by counsel before proceeding.

WARNING: Consult your legal and tax advisors before making any material decisions based on this information.

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