I created a second ITA account with my own details and used the Gift feature from my Executive account. The second account now has the mid-tier Club Premium ITA status, however that level seems to include top tier SkyTeam status of ElitePlus (evident on the SkyTeam logo of ITA membership card). Status valid thru 1/25.
I was hoping that the gifted account could also gift status itself so that we'd have an endless supply of SkyElite status but no dice. It seems the gifting option is only available to ITA Executives. Oh, and the Gift tool from the Executive account can only be used once, so choose wisely.
I have no immediate travel plans with any SkaryTeam partners but it never hurts to have their top tier status in your back pocket, especially with the reported Lufthansa take over and possible *A membership. Based on current progress, there's a good chance they'll be a fully fledged *A member before becoming a full SkaryTeam member (announced October 2021).