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Donate cash: You could sell the one share for $150 — minus the 15% federal capital gains tax — and make the donation in cash. The $127.50 in proceeds would be tax deductible, of course.
Donating long-term appreciated stock to a donor-advised fund avoids creating a taxable sale, so the gift is potentially 20% larger. The larger gift also creates a larger deduction for the taxpayer ...
Donating stock is especially beneficial when a stock has appreciated. You can claim a deduction for the value of the stock, legally avoiding tax, and the charity gets the full benefit of the stock.
Many people were moved to donate to aid organizations, and were able to do so from the money they already stashed in their DAF. Daffy's Nash says the ability to invest the contributions is one of ...
There are limits to the amount of appreciated stock you can deduct as a charitable donation. Generally, you can deduct at least 20% of your adjusted gross income in this way.
The cash proceeds after liquidating the depreciated asset may of course be donated to charity and deducted following the sale, but the tax advantages of making such donation are no better or worse than in any cash donation to charity. In any case, such a course leaves the investor more after-tax assets to donate if so inclined.
A blog from Fidelity Charitable offered similar advice, noting that by donating an asset such as a long-term appreciated stock, you can “improve your charitable tax deduction and end up with a ...
If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable ...