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In this insightful whitepaper from Alexander “Zan” Schindler at Brown & Streza LLP, learn how a specially designed Special Purpose Supporting Organization (a Type I supporting entity) solves the restrictive “related use” rules under IRC § 170 – enabling museums, community foundations, and public charities to accept and hold these unique gifts tax-efficiently.
Key highlights include:
- Donations of Tangible Personal Property – Related Use Requirement
- The Special Purpose Supporting Organization
- Using Donor-Advised Funds to Facilitate Donations of Art, Rare Books, or Religious/Historically Significant Artifacts
- Practical Considerations and Concluding Thoughts
This strategy opens the door to transformative, high-impact philanthropy that traditional structures simply can’t handle.
Don’t miss this powerful blueprint for expanding your philanthropic reach. Read the full whitepaper. Click here now.
About Brown and Streza
Brown and Streza LLP is a law firm providing integrated legal services in tax, estate, trust, real estate, business, business succession planning, and charitable planning, including representing non-profits and religious organizations. Located in Orange County, California, we serve families, businesses, entrepreneurs, philanthropists, and charitable organizations, focusing on helping closely-held businesses and their owners achieve their goals. For more information, please visit our website.
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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