Charitable Contributions

Business Valuations for Charitable Gifting

Charitable donations are a wonderful way to benefit charities or organizations. They also are helpful for your own company, as they can aid in cutting down on some tax responsibility. Though it may seem simple to make a charitable contribution, claiming such a donation on your taxes may be more complex than you expect if that contribution is made with something other than cash. As a result, having a qualified appraiser value your contribution is not only crucial, but required by the IRS.

At Gibraltar Business Valuations, we strive to provide excellent service in all we do. Whether you need counsel on stock and share compensations, charitable contributions, or impairment testing, our professionals are here to deliver quality service and analyses.

Contact our business professionals today for more information.

Requirements for Charitable Contributions

With Gibraltar Business Valuations, your valuation report is thoroughly prepared by a professional, ensuring you are equipped for tax audits on your contributions. We have 30+ years of industry experience and are well-versed in the various requirements for non-cash charitable contributions.

Donative intent is often overlooked by companies. In order for a contribution to qualify as a “gift,” a company must have evidence of a desire to donate.

In addition to donative intent, there are a variety of other factors to consider, such as issues of:

  • Real property
  • Securities
  • Intellectual property
  • Conservation easements

You can count on us to help you understand the different methods used to value company shares or intangible property for tax purposes. We can help you avoid penalties by walking you through the entire process and lending valuable insight when applicable. With offices in Colorado, Illinois and Utah, we stand poised to serve businesses across the country. Trust your business concerns to Gibraltar Business Valuations!

Your Business Needs Are in Good Hands

If you are looking for information regarding charitable donations, contact our professionals today for an in-depth valuation. When you hire us, we will work tirelessly to ensure that your charitable contributions are in step with the IRS and other state and federal agencies. Not only that, we strive to make sure they are both beneficial for your company and the organization to which you are donating.

Call us at (855) 231-1401 or fill out an evaluation form today!

Questions? Contact Gibraltar Business Valuations Today

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