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Israeli
donors of shares or warrants
All donors should speak with their personal attorney and/or tax advisor to understand the tax and accounting effects of a charitable donation of shares and options/warrants.
The 3 Steps:
1.
Have your Board of Directors pass
a resolution allocating a specified number of options to Tmura.
(Remember, early-stage companies should try to allocate at least
0.5% of their equity to Tmura.)
2.
Some company Articles of Association specifically permit stock options
to be used for charitable purposes. If your company's Articles don't
include this yet, you will need to adopt a minor
change to your company's Articles of Association. This should
be approved by your shareholders.
3.
Send 2 signed copies of the Warrant
agreement to Tmura. Documents should be sent to:
Baruch Lipner, Tmura
c/o Gross, Kleinhendler
1 Azrieli Center
Tel Aviv 67021
If you have any questions, please consult the rest of this Web site, including our FAQ, or call Tmura at 03-607-4506.
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