Gifts of Partnership Interests

Gift of Partnership  Interests Diagram

How It Works

  • You convey a partnership interest to the University of South Carolina or one of its affiliated foundations.
  • Depending on the circumstances, the University of South Carolina or one of its affiliated foundations 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 charitable remainder unitrust.
  • You can have the satisfaction of making a significant gift that benefits both you and the University of South Carolina or one of its affiliated foundations during your lifetime.

Next