Gift Acceptance Criteria

When considering a gift of a non-traditional asset to WaterStone, it is essential to contact WaterStone early in the transfer process because of the unique characteristics of non-traditional investments. WaterStone will accept gifts that comply with WaterStones’ acceptance policies and that meet standard regulations established by the IRS. These gifts will require a comprehensive review of:

  • Proper documentation
  • Marketability
  • Governance
  • Qualified appraisal
  • Fair market value
  • Unrelated business income tax liability (UBIT)
  • Legal liability, both contingent and actual
  • Contractual obligations
  • Tax obligations
  • Shareholder and partnership rights
  • Applicable restrictions and limitations on sale of the asset
  • Encumbrances, debt, liens
  • Administrative and legal fees
  • Carrying costs such as association dues, taxes, insurance, maintenance fees

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