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What are the IRS rules for making a Stock Donation?

By Donors
Here are the IRS rules for making a Stock Donation: 1Select a qualified recipient.If your goal is a legitimate tax deduction, then you must be giving to a qualified organization. Also, you cannot deduct contributions made to specific individuals, political organizations or candidates. See IRS Publication 526, Charitable Contributions, for rules on what constitutes a...
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Stock Donations Reached $23.7 Billion!

By Organizations

Of all non-cash contributions made, Stock Donations represented the largest category of noncash donations at $23.7 billion or 44.9 % of all non-cash contributions. Over 450,824 stock donations were made to non-profits in one year!  With such a large number of stock donations and such a large amount, each Non-profit should do more to accept stock…

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Medallion Signature Guarantee

By Donors
A medallion signature guarantee is a special signature guarantee for the transfer of securities. It is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery. Signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses. They also limit the liability of...
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Article on Motley Fool Describes Benefits of Stock Donations

By Donors

There is a great article on the Motley Fool by Roy Lewis which explains in detail the benefits of stock donations.  That article can be found hereA http://www.fool.com/FoolCharityFund/Donating_Stock.htm Among other things it gives illustrative examples of how much a donor could save if they donate stock rather than cash. Stock Donator prides itself on being the…

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Stock Donating Goes Mainstream

By Donors

A recent article on CBS news by Ray Martin titled “Donating Appreciated Stock: A Double Play of Tax Benefits” discusses the benefits of donating appreciated stock that was held for more than one year. This tax benefit has been available to investors for many years, but only recently has become popular due to StockDonator.com which…

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