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Many business owners believe that the privately-held stock they own in their company has little value until they sell the business. Mark discovered otherwise.
Mark leveraged his stock long before selling his business. Mark had his business appraised, then donated 20% of his company stock to a donor advised fund. (That’s basically a checking account specifically for giving.)
This gave him a significant tax deduction, a large tax refund, and the donor advised fund received 20% of future profit distributions to give to charity. When the business eventually sold, Mark’s donor advised fund received 20% of the sale proceeds.
Proverbs 9:12 says, “If you are wise, your wisdom will reward you; if you are a mocker, you alone will suffer.”
Like Mark, be wise in pursuing generous business strategies.
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