- All contributions to the Congregation of the Sisters of Saint Joseph of Boston allow us to continue our mission of unity and reconciliation
- Gifts of stock in a closely held corporation may create income tax deductions
- Relief from capital gains is a benefit to the donor on appreciation of the stock
- You retain control
Assets such as stock in a closely held corporation given to the Congregation of the Sisters of Saint Joseph of Boston may result in an income tax deduction
You retain at least 50% ownership.
The Internal Revenue Service has ruled that a charitable organization has the option whether or not to go through with the redemption at the time the organization receives the shares.
However, the Congregation of the Sisters of Saint Joseph of Boston may independently offer donated stock for redemption. It is a favorable option which would benefit everyone. This would be our normal course of action.