We've partnered with Dechomai to accommodate your complex gifting needs! This includes donations of:
C-Corps
S-Corps
Real Estate
Non-cash donations and more!
Introduction
Here's what that process looks like:
Reach out to care@bluegive.org letting them know you want to donate a complex gift > they will then reach out to Dechomai on your behalf and set up an introductory call between you and Dechomai
After the initial introductory call with Dechomai, someone from the Dechomai team will send out the donation paperwork out via email.
To complete its due diligence, Dechomai typically requests all documents used in establishing and governing the entity, if appropriate, including:
Articles of Incorporation and Amendments, Partnership Agreement, and/or Operating Agreements, with any amendments
Current Bylaws
Recent Tax Returns and /or Financial Statements (Current YTD)
Recent K1’s (Previous 2 Years)
Donors should work with their advisory team to gather the requested documents as well as information for the entity such as
its activities;
whether the contributed interest in the entity considered long term capital gain property (held over 1 year);
whether there is debt on the interest in the entity itself or its operating assets;
whether there are allowances for transfer of ownership or restrictions that can be waived, plans for sale, etc.
Donor’s team should send the completed paperwork and requested information to the Dechomai team for Dechomai to begin their due diligence review > Dechomai will conduct due diligence to determine whether it can accept the donation. This process typically takes between 1-3 business days > Dechomai will respond with any questions that arise from due diligence review. At this stage, Dechomai will confirm whether it can accept the donation.
Donor team will work with Dechomai to prepare the transfer documents required to complete the donation > During and/or after preparation of the transfer documents, donor’s team will send the documents for Dechomai to review prior to their execution date.
Upon Dechomai’s approval of the transfer documents, donor executes and shares the signed documents with Dechomai.
Dechomai will countersign the transfer documents if necessary and return the fully executed documents to donor’s team.
At this stage, the donation is complete. Dechomai will book the donation and send out correspondence acknowledging receipt of the gift.
Additional information is below for donating Real Estate, C-Corps. S-Corps, and all non-cash donations: