Another article in Kiplinger describes benefits of donating Stock

By November 16, 2011June 30th, 2021Donors

Kimberly Lankford, Contributing Editor at Kiplinger’s Personal Finance describes how When giving a gift, how your investment has fared will make a big difference on your taxes.

She says that the bigger the capital gains, the more advantageous it is to donate stock over cash.

She also says that before a donor gives away stock, they should first make sure the charity is set up to deal with the gift. Some small charities don’t have brokerage accounts and may have a tough time selling the stock or mutual funds.

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