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.
Read more: http://www.kiplinger.com/columns/ask/archive/2007/q0604.htm
Deposit sent to Cedar School Fund