If you are an owner or partner of a closely held corporation, you may wish to make a gift of cash or securities to the Institute through that business. A corporation is entitled to take a charitable deduction of up to ten percent of its taxable income. Any contributions above that amount may be carried forward for up to five years.As a partner, you would be entitled to a similar deduction.

If your principal asset consists of a large block of non-marketable stock in a closely-held corporation, you may be pleased to learn that such stock can be used to make a gift to the Institute which it is eager to accept. It is now possible to make a gift of closely-held stock followed by a redemption as long as the closely-held corporation is under no obligation to redeem. This allows a donor to convert, in effect, the shares in the closely held corporation into the same amount of after-tax money (the tax savings resulting from the deduction) as the donor would receive from a dividend received from the corporation.

Please write or phone:
Michael Gehret
Associate Director
Institute for Advanced Study
Einstein Drive
Princeton, NJ 08540
Telephone: 609.734.8218
email: