Which Stocks are the Best to Donate? By Andrew Rombach, a Content Associate for Lendedu – a website that helps investors, consumers, small business owners, and more with their finances...
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Stock Donations peak around December. Non-profit organizations that are looking to get a leg up on receiving fundraising dollars should be looking to prepare for receiving stock donations starting now! The process is very simple with Stock Donator. Open an account online for free and you can be ready to receive stock donations within 24 hours after…
A recent article by the New York Times linked to below says that many investors are looking for ways to reduce their tax profiles by moving income to current years and selling stocks that have locked in capital gains. Instead of selling those stocks, and investor looking to limit his tax profile might wan to…
Mitt Romney gets a lot of credit for the amount of money he has given away — as he should. No one has to give any money away, so the fact that some people choose to do so is admirable. In 2010, Mitt Romney took $3 million in charitable deductions on his tax return, against adjusted gross…
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....
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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,…
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...
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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…
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…
