Many individuals build their wealth by growing successful local businesses—not just through stock portfolios. These business owners are often deeply rooted in the community and already giving back in meaningful ways. In fact, more than 90% of them support charitable causes each year, driven by a desire to strengthen the place they call home. 

As a trusted advisor, you play a key role in helping these clients make the most of their generosity—especially when it comes to donating closely-held business interests. Here’s why partnering with the Omaha Community Foundation is a smart move: 

  1. Better Tax Benefits Than Private Foundations
    Unlike private foundations, a fund at OCF allows donors to deduct the full fair market value of their business interest—up to 30% of AGI—and avoid capital gains tax on appreciation. Private foundations, by contrast, limit deductions to the cost basis (up to 20% of AGI), making them a less attractive option for this type of gift.
  2. Timing Is Everything
    Encourage clients to talk with us before negotiating a sale. Gifts must be made before a deal is in motion to ensure full tax benefits and avoid IRS scrutiny. Planning ahead can protect your client’s deduction and ensure their charitable dollars go further.
  3. Accurate Valuation Matters
    A qualified appraisal is essential. And in light of recent legal rulings—like Connelly v. United States—valuation is more important than ever. This case highlights how estate taxes on business interests can increase, reinforcing charitable giving as a smart estate planning tool.

Let’s Partner to Support Your Clients’ Goals
The Omaha Community Foundation is here to collaborate with you—offering philanthropic expertise, personalized service, and deep local knowledge. To learn more about donating closely-held business interests, contact the Donor Services team at giving@omahafoundation.org.