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Annie Magnolia gave 200 shares of stock in her closely held corporation to a local not-for-profit organization (NFP) with a cost to her of $250,000
Annie Magnolia gave 200 shares of stock in her closely held corporation to a local not-for-profit organization (NFP) with a cost to her of $250,000 and a fair market value on the date of the gift of $265,000. Her only stipulation was that the NFP only use the gift for the Kids Reading Programs, not the Adults Writing Programs.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
