Method of Financing Small Business and Support ofEntrepreneurship Through Charitable Alliance United States Patent Application 12/985330 Chris Ryan William Breck Julie Butler December 6, 2010 ABSTRACT Small businesses are the backbone to “The American Dream” and the American economy, they are responsible for more than 65% of the United States Growth Domestic Product (GDP), and represent our country’s greatest chance of creating new emplo ymen t for Ameri cans. Unfo rtun ately , access to capi tal and the capi tal markets is limited to these ventures which are the cause of more than 90% of all small business failures. 501(c)(3) and other qualified charitable organization are also suffering from the recession in a term kno wn as “Donor Fa tigu e” which has caused an across the board drop in do nations. Charities need to fi nd a new instrument of value above a tax deduction to offer a new market driven value proposition to donors in order to be successful in new fundraising initiatives. Method of fina ncing a small business and support of entrepreneurship thro ugh charitable alliance is in support of furtherance of a business objective of the for prof it small business while simultaneous ly offe ring adva ntag es to the nonp rofi t charitable orga nization. It is a mechanism wh ereby a small busines s gifts a certain amount of shares of its issued common stock capital and the nonprofit enters into business development agreement with the small business to arrange for the small business to be a registered reporting compa ny under section 12(g) of the Securities Act of 1934. Simu ltan eous ly with the gifting of stoc k by the smal l busine ss the nonprofit issues to the small business a deferred purchase agreement (DPA) to purchase a predetermined amount of the small business preferred stock capital on
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Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
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8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
Small businesses are the backbone to “The American Dream” and the Americaneconomy, they are responsible for more than 65% of the United States GrowthDomestic Product (GDP), and represent our country’s greatest chance of creatingnew employment for Americans. Unfortunately, access to capital and the capitalmarkets is limited to these ventures which are the cause of more than 90% of allsmall business failures.
501(c)(3) and other qualified charitable organization are also suffering from therecession in a term known as “Donor Fatigue” which has caused an across theboard drop in donations. Charities need to find a new instrument of value above atax deduction to offer a new market driven value proposition to donors in order tobe successful in new fundraising initiatives.
Method of financing a small business and support of entrepreneurship throughcharitable alliance is in support of furtherance of a business objective of the for
profit small business while simultaneously offering advantages to the nonprofitcharitable organization. It is a mechanism whereby a small business gifts a certainamount of shares of its issued common stock capital and the nonprofit enters intobusiness development agreement with the small business to arrange for the smallbusiness to be a registered reporting company under section 12(g) of the SecuritiesAct of 1934. Simultaneously with the gifting of stock by the small business thenonprofit issues to the small business a deferred purchase agreement (DPA) topurchase a predetermined amount of the small business preferred stock capital on
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
certain date. This DPA being conditioned with a successful conclusion of the non-profit directed business development initiatives.
The non registered common stock capital of the small business gifted to the
nonprofit is then placed in a segregated escrow account. The nonprofit then beingan exempt SEC INSERT then can issue and sell single stock futures contract (SSFC)representing rights to purchasers the underlying securities gifted by small business,to charity in the future for a certain predetermined delivery price which isdetermined prior in the SSFC.
The initial premiums raised by selling the SSFC(s) is then passed directly to thenonprofit, which then executes a business development initiative on behalf of thesmall business to increase the value of the underlying common stock in the SSFC.The purpose of this is to increase the value of the common stock capital to be morevaluable than the delivery price of the SSFC when the contract becomes due.
Among other business development initiatives the nonprofit would assist the smallbusiness in being eligible to file a registration statement S-1 with the Securities andExchange Commission. This would include: fine tuning the business plan;developing and implementing revenue generating systems and procedures; marketresearch assistance; identification of strategic alliance and joint venture partners;protection of intellectual property; developing a revenue recognition policy;developing an accounting system and internal controls necessary to be withincompliance with (Insert) MORE; and other needed implementation identified.
Purchasers of the Single Stock Futures Contract also enjoy that the tacking of theirinvestment for Fair Market Valuation purposes under Internal Revenue Code1234(b) starts on the day the initial contract premium is paid.
Upon the small business having a class of equities registered under Section 12(g) of the 1934 Act, and a trading symbol, the nonprofit can approach purchasers of theSSFC to take pay the additional money to take delivery of the stock underlying theSSFC.
The additional premium collected by the purchasers taking delivery of SSFC ispassed to the Charity, who then purchases a certain amount of the small businesspreferred stock as identified in the Deferred Purchase Agreement.
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
The small business receives the benefit of business development, and an equitybased infusion of capital (preferred stock purchase by non profit)
The nonprofit becomes the owner of a certain amount of convertible preferred stock
in a publicly traded company.
The purchaser of the Single stock futures contract decided to take delivery of the of the underlying stock due to market value of the stock being more valuable than thedelivery cost.
CLAIMS
1. A method of financing small business development initiatives.
2. A method of providing equity based financing to a small business.
3. A method of providing hybrid based financing to a small business.
4. A method of supporting a mutually beneficial alliance between a nonprofit
and a small business.
5. A method of supporting a mutually beneficial alliance between a nonprofit
and a small business, outside the context of a tax deduction.
6. A method of supporting a mutually beneficial alliance between a nonprofit
and a small business, outside the context of a tax deduction.
7. A method of receiving common stock donation from non public
businesses.
8. A method of placing common stock donated in a segregated escrow
environment
9. A method of issuing single stock futures contracts against common stock
placed in segregated environment
10. A method in supporting a charity in developing a small business
enterprise.
11.A method of supporting a charity in having the rights to purchase stock
capital of small business in the future.
12. A method of supporting a charity in having the rights to purchase
preferred stock capital of small business in the future.
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
donated to NP by SB are passed through to NP as Single Stock Futures Contract
(SSFC); 2) NP issues to SB a deferred purchase agreement to purchase a certain
amount of SB preferred stock in the future based upon certain business
development initiatives being accomplished; 3) NP enters into a business
development agreement with SB to assist in accomplishing the business
development initiatives describe in 2. above; 4). NP offers the purchasers of thesingle stock futures contract (SSFC) a method of having the right to take delivery of
a large amount of shares donated by SB in the future (leverage) for a nominal
amount (premium) today; 5).Premiums collected by the sale of the SSFC are
passed directly to the charity in a segregated account to pay for the business
development initiatives negotiated in the Deferred Purchase Agreement; 6). SB
creates value in via the execution of certain business development initiatives; 7).
NP approaches purchasers of SSFC to take delivery of same by demonstrating value
buildup of SB shares from 6 above; 8). Premiums collected by NP upon Delivery of
shares underlying the SSFC are held in a segregated escrow account; 9). NP
purchases from a SB an amount of Preferred Stock indentified in the Deferred
Purchase Agreement (DPA).
BACKGROUND OF THE INVENTION
[0003] Small businesses in the United States are predominantly founded and or
created by what has been known as entrepreneurs. Usually these businesses start
by the observation of such entrepreneurs who see a solution to a problem or an
opportunity created by the creation of niche markets. Unfortunately most small
businesses fail to reach potential and profitability due to lack of proper
capitalization. It is with respect to these considerations and others treat the presentinvention has been made. In order to understand the background of the invention,
current business practices are presented below, followed by legal frameworks,
structures and tools available to conduct business transactions under U.S. law.
[0004] Current Business Practices
[0005] Common stock capital
[0006] Preferred Stock Capital
[0007] Certificate of Designation
[0008] Deferred Purchase Agreement
[0005] Single Stock Futures Agreement
[0009] Non Profit 501(c)(3)
[0010] Exempt organization by SEC
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[0041] NPC delivers to purchaser an opinion that The SSFC and SSOS are defined as
a single class of capital asset under Section 1234(b) of the U.S. Internal Revenue
Code (IRC) and with a tacked holding period under Section 1223(14) of the U.S.
Internal Revenue Code (IRC) of more than 1 year and 1 day which in experts opinion
qualifies for Charitable Donation at Fair Market Value (FMV) at date of Donation to
the NPC.
[0042] With conditions precedent satisfied in [0037, 0038, 0039 0040, and 0041]
NPC will provide opinion of expert that the Fair Market Value Formula to establish
valuation for IRS donation purposes will of the (SSOS Bid + SSOS ASK) / 2 on the
date of Donation at close of trading of Stock in the FPC.
[0043] A simultaneous collection and donation mechanism may be created for IRS
Donation and Transfer Recognition (IRSDTR), whereby the NPC calling for the FDP
from INV’s can instantly give the INV a Certificate of Donation (CD) based on FMVF
on the date when the NPC receives the Charitable Donation of the SSOS.
[0044] The mechanism of action stems from the basis that the SSFC is considered
as a single class of capital asset defined by IRC 1234B, with the FCV premium
payment date marking the commencement of the Holding Period of the SSFC as
defined by IRS 1221 and also the commencement of the Holding Period for the
SSOS as defined by IRS 1223(14), provided only that the SSFC is qualified as a
capital asset under IRS 1234B.
[0045] On the date the NPC corporation issued the SSFC the risk of the associated
premium was offset via a performance bond guaranteeing that section 3 (a-c)
respective. Further FDP would be contingent section 3 (a-c) respective and as such
the anticipated Stock value of the FPC SOS would be significantly higher than theexercise price and in most case the contribution of SOS to a 501(c)(3) would be
complete or the original futures premium would be returned.
DESCRIPTION OF THE DRAWINGS
[0046] Non-limiting and non-exhaustive embodiments of the present invention are
described with reference to the accompanying drawings. In the drawings, like
reference numerals refer to like parts throughout the various figures unlessotherwise specified.
[0047] FIG. 1 illustrates one example of a logic flow for supporting charitable giving
by a business in furtherance of a profit objective of the business;
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[0048] FIG. 2 illustrates the issuance of the initial Series of Securities (SOS) by the
For-Profit Company (FPC) to the Non-Profit Company (NPC) or 501(c)(3)
organization.
[0049] FIG. 3 illustrates the commitment of the For-Profit Company (FPC) to issue
the Second Series Of Securities (SSOS) to the Non-Profit Company (NPC) pursuant tothe Soft Put Securities Purchase Agreement (SPSPA), subject to the satisfaction of
the Identified Benchmarks of Performance (IBP).
[0050] FIG. 4 illustrates the sale of the Single Stock Futures Contract (SSFC) by the
NPC to Investors (INV).
[0051] FIG. 5 illustrates the holding of the SSFC by the Investors until the Future
Delivery Date (FDD), at which date it is anticipated that the Fair Market Value of the
SOS (&/or SSOS) is likely to be higher than the Future Delivery Price (FDP).
[0052] FIG. 6 illustrates the application of SEC Rule 144, Securities Act section 12,
and FINRA sections 15(c) and 211, and IRC sections 1223(14) and 1234B to the
transaction.
[0053] FIG. 7 illustrates the method of determining the value of stock on date
donated. (SCREEN SHOT)
DETAILED DESCRIPTION OF CERTAIN EMBODIMENTS
[0054] The present invention is described more fully hereinafter with reference to
specific illustrative embodiments. This invention may, however, be embodied in
many different forms and should not be construed as limited to the embodiments
set forth herein; rather, these embodiments are provided so that this disclosure will
be thorough and complete, and will fully convey the scope of the invention to those
skilled in the art. The methods may involve one or more entities (including a person,
business, non-profit, computer device, or the like) performing some or all parts of an
action, or set of actions. The entities may communicate in-person, over a network,
including a computer network, or the like. The following detailed description is,
therefore, not to be taken in a limiting sense.
[0055] Throughout the specification and claims, the following terms take themeanings explicitly associated herein, unless the context clearly dictates otherwise.
The phrase "in one embodiment" as used herein does not necessarily refer to the
same embodiment, though it may. Furthermore, the phrases "in another
embodiment" or "in an alternate embodiment" as used herein does not necessarily
refer to a different embodiment, although it may. Thus, as described below, various
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
embodiments of the invention may be readily combined, without departing from the
scope or spirit of the invention.
[0056] In addition, as used herein, the term "based on" is not exclusive and allows
for being based on additional factors not described, unless the context clearly
dictates otherwise. In addition, throughout the specification, the meaning of "a,""an," and "the" include plural references. The meaning of "in" includes "in" and
"on."
[0057] As used herein, the term "decision maker" refers to a director, an officer, an
employee, a committee, a partner, a general partner, a manager, a member, a
trustee, trustee in bankruptcy, agent, attorney-in-fact, advisor, singly or in any
combination, who or which is in a position to make decisions for or on behalf of a
business or affecting a business.
[0058] The term "asset" means an item of property in which the business owns or
holds an ownership interest or beneficial interest, directly or indirectly, and
encompasses all forms and varieties of assets, including without limitation, partial
interests, undivided interests, jointly held interests, co-tenancy interests, stock,
equity interests, tangibles, real estate, personality, as well as intangibles of every
variety and description, including without limitation goodwill, paper, interests in
litigation, records, intellectual property, and investment interests.
[0059] The terms "stock" and "equity" refer to any type of equity ownership in a
business, including preferred stock, common stock, LLC units, partnership units, or
the like.
[0060] The ‘invention’ describes a protocol, process and procedure to permit
‘qualified’ ‘Non-Profit Charitable organizations’ (NPC) (formed and operated for
purposes described in Section 501(c)(3), to which ‘charitable contributions’ or
‘donations’ qualify for a ‘tax deduction’ under Sections 170(c), 2055(a) and 2522(a)
of the U.S. Internal Revenue Code (IRC)) to expand their purposes and operations to
support and encourage entrepreneurship (an ‘entrepreneurship program’) through
participation in and support for start-up and early-stage businesses (including For-
Profit Companies (FPC)) involving minority and economically disadvantaged
neighborhoods and individuals, and others similarly situated.
[0061] The ‘invention’ involves the formation or selection of a ‘target company’
(i.e., a business or company which meets the ‘selection criteria’ of the charitable
organization) utilizing ‘appropriate criteria’, including the potential for the ‘target
company’ to become a ‘public company’ by meeting ‘essential criteria’ (IBP) which
include the standards required to submit a registration statement with the U.S.
Securities and Exchange Commission to become SEC section 12(g) ‘Reporting
Company with a class of securities eligible to trade (either through registration and
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
names, tax planning and compliance issues, securities laws and business financing
issues, and bankruptcy;
[0066] continuing education regarding applicable legal and regulatory
requirements, standards, reporting and compliance issues, including workers rights,
labor relations, insurance, taxes and other internal business regulatory and
compliance issues;
[0067] continuing education regarding branding, marketing, customer relations,trade practices, warranties, competition and other issues pertaining to the interface
between a business and its marketplace and external environment; and
[0068] continuing efforts to provide support, further education and assistance to
develop the habits, standards and motivations necessary or desirable to achieve
success in the current and future ‘entrepreneurial’ and ‘capitalist’ business
environment.
[0069] The ‘invention’ describes the steps in the ‘process’, and the specific order of
the steps in the ‘process’, required to accomplish the desired ‘objectives’ or
‘outcomes’ of the ‘process’, i.e.:
[0070] to obtain and/or provide initial (start-up or early stage) capital funding
(directly or indirectly) to or for the ‘target company’; [(FCV) Amount Paid for Futures
Contract]
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
[0071] to establish realistic ‘benchmarks’ and/or ‘intermediate goals or objectives’
required to position the ‘target company’ to obtain supplemental capital funding ;
[(IBP) management and operational ‘benchmarks’ on way to public company
status]
[0072] to establish a ‘holding period’ for potential future ‘investors’ in the ‘targetcompany’, which starts at the earliest possible point in time of connection between
an ‘investor’ and the ‘target company’, with minimal ‘risk of loss’ to the ‘investor’;
[(HP) commencement of ‘holding period’ at purchase of the Single Stock Securities
Futures Contract]
[0073] to establish a ‘market value’ for the company in excess of the amount of the
‘financial commitment’ of the ‘investor’ at or prior to the date that the ‘investor’ is
required to make a ‘substantial financial commitment’ to invest in the capital stock
of the ‘target company’; [(IBP) company registration and reporting events to
increase stock price]
[0074] to permit the ‘investor’ the choice to realize a ‘profit’ on the ‘investor’s’
‘investment’ in the ‘target company’s’ capital stock by ‘holding’ the capital stock of
the ‘target company’ or by ‘donating’ the capital stock of the ‘target company’ to a
qualified charitable organization (which may include the charitable organization
operating the ‘entrepreneurship program’); [investor choice to donate at FMV at
Date of Donation or ‘hold’ at FDP] and
[0075] to provide additional funding to the qualified charitable organization from
the operation of the ‘entrepreneurship program’). [charity decision re amount to
allocate to purchase shares in ‘target company’ or retain for charitable fundingpurposes]
[0076] STEP #1: The first step in the process (in sequence) is to establish the
procedures necessary to select ‘target companies’ that meet, or can be formed or
re-structured to meet, the ‘essential criteria’ required to achieve the several
‘objectives’ of the ‘entrepreneurship program’, plus the ‘appropriate criteria’
established by the charitable organization, which may include one or more of the
‘other criteria’ listed above, as well as other ‘criteria’ established by the charitable
organization which are consistent with the goals, purposes, programs and
philosophical ‘criteria’ of the charitable organization.
[0077] STEP #2: The second step in the process (in sequence) is to create,
establish or obtain a ‘training & development program’ and other IBP which meet
the ‘essential criteria’ of the ‘entrepreneurship program’ described above, such of
the ‘other criteria’ described above as the charitable organization deems necessary
to the success of its ‘entrepreneurship program’, and any other ‘criteria’ established
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by the charitable organization which are consistent with the goals, purposes,
programs and philosophical ‘criteria’ of the charitable organization.
[0078] STEP #3: The third step in the process (in sequence) is to create, establish
or obtain a ‘financial instrument’ (SSFC) required to obtain the desired benefits of
the ‘entrepreneurship program’, including specifically but without limitation a‘securities futures contract’ (SSFC) meeting the conditions of the definition of a
‘securities futures contract’ in Section 1234B(c) of the U.S. Internal Revenue Code,
which incorporates the definition of a ‘security future’ in Section 3(a)(55)(A) of the
Securities Exchange Act of 1934, which permits the ‘tacking’ of the holding period
of a ‘securities futures contract’ onto the holding period of the capital stock
acquired pursuant to the ‘securities futures contract’, under Section 1223(14) of the
U.S. Internal Revenue Code, to meet the holding period for ‘long-term capital gain’
treatment at an earlier date than is permitted by use of an ‘option contract’ (or
similar contractual device) which limits the investor’s risk to a nominal amount
(e.g., option price) which is substantially less than the purchase price of the
underlying capital stock
[0079] STEP #4: The fourth step in the process (in sequence, but interchangeable
with STEP #5 below) is to obtain the required governmental rulings, approvals
and/or registrations or exemptions to permit the sale of the ‘securities futures
contract’ by the charitable organization, which may include the ‘exemption’
contained in Section 3(a)(4) of the Securities Act of 1933 and/or the ‘exemption’
contained in Section 3(e) of the Securities Exchange Act of 1934.
[0080] STEP #5: The fifth step in the process (in sequence, but interchangeable
with STEP #4 above) is to obtain the required governmental rulings, approvalsand/or registrations or exemptions to accomplish the ‘listing’ of the capital stock of
the ‘target company’ on a registered or licensed ‘public securities exchange’ which
regularly provides daily bid-ask quotations for the securities listed on such ‘public
securities exchange’.
[0081] STEP #6: The sixth step in the process (in sequence, but interchangeable
with STEP #7 below) is to assist, create or develop the ‘market value’ of the capital
stock of the ‘target company’ listed on the ‘public securities exchange’ to the price
level required to achieve the ‘objectives’ or ‘outcomes’ (IBP) described in paragraph
0010, 0011, 0012, 0013, 0014, 0015 and 0016 above.
[0082] STEP #7: The seventh step in the process (in sequence, but
interchangeable with STEP #6 above) is to assist, create or develop the ‘income
producing capacity’ and/or ‘asset values’ of the ‘target company’ to support the
‘market value’ of the capital stock of the ‘target company’ on the ‘public securities
exchange’ to the price level required to achieve the ‘objectives’ or ‘outcomes’ (IBP)
described in paragraph 0010, 0011, 0012, 0013, 0014, 0015 and 0016 above.
8/7/2019 Method of Financing Small Business Through and Support of Entrepreneurship Through Charitable Alliance
[0083] STEP #8: The eighth step in the process (in sequence) is to permit or
require the delivery of the capital stock of the ‘target company’ to the holders of the
‘securities futures contract’ pursuant to and in accordance with the terms and
conditions, and at the price specified in the ‘securities futures contract’ described in
STEP #3 (at paragraph 20 above) at, prior to or after the expiration of the ‘holding
period’ required for the capital stock of the ‘target company’ in the hands of theholder of the ‘securities futures contract’ (or his/her/its successor in interest) to
qualify as ‘long-term capital gain property’.
[0084] STEP #9: The ninth step in the process (in sequence) is to permit or require
the ‘donation’ of the capital stock of the ‘target company’ to a ‘qualified charitable
organization’ (which may include the charitable organization operating the
‘entrepreneurship program’ described hereinabove) which generates a ‘charitable
tax deduction’ to the donor under Sections 170(c), 2055(a) and/or 2522(a) of the
U.S. Internal Revenue Code.
[0085] STEP #10: The tenth step in the process (which may occur at any stage in
the sequence) is to permit or require the ‘qualified charitable organization’, by
contract or other means or mechanism, to allocate part or all or none of the
proceeds received from the sale of the ‘securities futures contract’ (FCV + FDP) to
the purchase of shares of capital stock in the ‘target company’, which may be of the
same or a different class than the capital stock in the ‘target company’ which is sold
by and delivered pursuant to ‘securities futures contract’.
[0086] The End Result of this process to the For-Profit Company (FPC) is that the
NPC has created or assisted, through the operation of its ‘entrepreneurship
program’, a start-up or early-stage ‘target company’ and its ‘investors’ to:
[0087] obtain (directly or indirectly) initial or early-stage capital permitting the
development of the business of the ‘target company’;
[0088] develop the skills and talents required to achieve success in an
‘entrepreneurial’ or ‘capitalist’ system in the founders and management of the
‘target company’;
[0089] achieve ‘public trading’ of the capital stock of the ‘target company’ on a
‘public securities exchange’;
[0090] permit start-up and early-stage investments to be made in the ‘target
company’ with minimal or controlled ‘risk-of-loss’ to start-up or early-stage
investors in the ‘target company’;
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[0091] permit the start-up or early-stage investors to elect to ‘hold’ or to ‘donate’
the capital stock acquired in the ‘target company’, based on the investors’
economic best interest and investment objectives.
[0092] The End Result to the ‘qualifying’ Non-Profit Company (NPC) is that the:
[0093] charity obtained funding (directly or indirectly) for the development of start-
up or early-stage companies through the sale of a ‘securities futures contract’ at an
earlier point in time than the sale of capital stock in the ‘target company’ might
otherwise be possible or attractive from an ‘investment’ perspective;
[0094] the charity has assisted the ‘target company’ and its key personnel to
develop the skills and attributes necessary or desirable for the ‘target company’
and it key personnel to achieve success in an ‘entrepreneurial’ or ‘capitalist’
environment;
[0095] the charity has obtained additional funding for its ‘entrepreneurial program’
(and other permitted objectives and programs of a ‘qualified charitable
organization’) from the fulfillment of the ‘securities futures contract’;
[0096] the charity has obtained additional investments for its ‘investment portfolio’
through the purchase of additional capital stock or other securities from the ‘target
company’ utilizing the funds received from the fulfillment of the ‘securities futures
contract’;
[0097] the charity has obtained additional funding and investments for its
‘investment portfolio’ from the ‘charitable donations’ made to the charity by thepurchasers of the ‘securities futures contracts’ who elect to ‘donate’, rather than to
‘hold’, the capital stock in the ‘target company’ after acquisition pursuant to the
‘securities futures contract’.
[0098] Depending on the Fair Market Value of the capital stock of the ‘target
company’, as indicated by the bid-ask prices at the close of trading on the relevant
‘public securities exchange’, the value of the ‘charitable tax deduction’ to the
purchaser through the ‘securities futures contract’ may equal, exceed or be less
than the purchase price paid by the holder of the ‘securities futures contract’ to
acquire the capital stock in the ‘target company’.
[0099] Depending on the desires of the NPC and the FPC, at the origination of the
process described above, a Put Contract or provision and/or a Call Contract or
provision may also be used to establish a minimum or maximum price at which the
FPC may or shall redeem or repurchase the SSOS that is subject to the SSFC.
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[0100] Accordingly, the reader will see that at least some embodiments of the
invention provides the mechanism for the shareholders or other business owners to
obtain disclosure of information about charitable contributions made by the
businesses they own.
[0101] It will be understood that the steps of the flowchart illustrations describedherein can be performed in different orders and some steps may be omitted,
without departing from the spirit of the invention.
[0102] It will also be understood that certain steps in the flowchart illustrations, and
combinations of steps in the flowchart illustrations, can be implemented by
computer program instructions. These program instructions can be provided to a
processor to produce a machine, such that the instructions, which execute on the
processor, create means for implementing the actions specified in the flowchart
step or steps. The computer program instructions can be executed by a processor
to cause a series of operational steps to be performed by the processor to produce
a computer implemented process such that the instructions, which execute on the
processor to provide steps for implementing the actions specified in the flowchart
step or steps. The computer program instructions can also cause at least some of
the operational steps shown in the steps of the flowchart to be performed in
parallel. Moreover, some of the steps may also be performed across more than one
processor, such as might arise in a multi-processor computer system.
[0103] Accordingly, steps of the flowchart illustrations support combinations of
means for performing the specified actions, combinations of steps for performing
the specified actions and program instruction means for performing the specified
actions. It will also be understood that each step of the flowchart illustrations, andcombinations of steps in the flowchart illustrations, can be implemented by special
purpose hardware-based systems which perform the specified actions or steps, or
combinations of special purpose hardware and computer instructions. Further, it
should be understood that aspects of any particular embodiment can be combined
with features and aspects of other embodiments in practicing the present invention.
[0104] Since many embodiments of the invention can be made without departing
from the spirit and scope of the invention, the invention is to be defined by the