Kimberly Lankford, Contributing Editor at Kiplinger’s Personal Finance describes howA 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. A That is in agreement with our Stock Donator Calculator.
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.