When donating to charity, a stock donation is often a better option than handing cash to your favorite nonprofit organization. Nonprofits love to accept cash donations, but it is not always the most financially sound way to finance operations from a donor's perspective. While many veteran investors know and understand stock donations' value, many more...
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When most people think of making charitable contributions, activities like volunteering, donating gently-used household or clothing items, or writing a check at a fundraiser come to mind. However, donating stock to charity is another way to make an impact. The process of giving stock to a non-profit organization is similar to that of any other...
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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…
What are the IRS Stock Donation Rules? 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 qualified organization.2Itemize deduction...
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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…