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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 ...
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.
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.
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]
The process may vary depending on your location and the specific charity you wish to donate to, but most charities, nonprofit organizations, hospitals and schools gladly take the gift of long-term ...
Donor-advised funds provide a flexible way for donors to pass money through to charities—an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience (the sponsoring organization does the paperwork after the initial donation), cost savings (a foundation requires around 2.5% to 4% of its assets each ...
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 ...