So I noticed Drake transferred their 49% of shares over to National Philanthropic Trust late December.
The most common and cost-effective contributions are appreciated securities that you have owned for more than one year. You avoid any capital gains tax on the securities and you can deduct the total fair market value of the contribution from your federal income taxes, and up to 30% of your adjusted gross income.Are additional contributions to my donor-advised fund account tax-deductible?Yes. All contributions to your donor-advised fund are donations to a public charity, and therefore tax-deductible.
Anyway not sure what to make of it, just thought I would post to let others know the major shareholder just donated their entire holdings to a charity trust. Motives unknown.