BVR/SPU Valuation Challenge Update

Over the past two weeks four more universities have joined the 2014 Valuation Challenge.  Only six more opportunities to participate remain.  Here are the 18 current entrants:

Anderson University

California State University, Northridge

City University of New York (CUNY)

Friends University

Harding University

Middle Tennessee State University

Ohio Wesleyan University

Pacific Lutheran University

Portland State University

Salisbury University

San Francisco State University

Seattle Pacific University

University of Denver

University of North Florida

University of Oregon

University of Tennessee

Wesleyan University

William Paterson University

The Valuation Challenge 2014 Guidelines

Here are the guidelines for valuing the 2014 Valuation Challenge Case, ABC Engineering:

Governing Standard:  Revenue Ruling 59-60

Purpose:  Employee Stock Ownership Plan and Trust valuation for administrative purposes and stock transactions

Standard of Value:  Fair Market Value

Premise of Value:  Value as a going concern

Client Name:  Trustees of the Employee Stock Ownership Plan

Business Name:  ABC Engineering, Inc.

Type of Entity:  S Corporation

State of Incorporation:  Washington, USA

Principal Business Location:  Somewhere, USA

Business Interest Valued:  20%

Valuation Date:  December 31, 2012

Report Date:  May 9, 2014

Appraiser Name:  School of Business Team

Appraiser Firm:  University

Characteristics of Ownership:  Non-controlling (minority)

Minority Discount:  Include

Marketability Discount:  Include