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Instead of giving cash, you can donate appreciated stocks, avoid capital gains taxes and still claim a tax deduction for the full value of the donation. Plus, charities can sell the stock tax-free ...
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.
People often think about donating cash to charity, but nonprofits can also accept donations in other forms. Cash, stock, cars — all of these have value — and charities are usually happy to ...
Gifts in kind, also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. Gifts in kind are distinguished from gifts of cash or stock. Some types of gifts in kind are appropriate, but others are not. [1]
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 ...
A donor-advised fund has some disadvantages compared to a private foundation, and some advantages. Both can accept donations of unusual or illiquid assets (e.g., part ownership of a private company, art, real estate, partnerships or limited partnership shares), but a donor-advised fund has higher deductions for these gifts (depending on the gift).
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 ...