The Case for Donating Stocks Instead of Cash
by Mike Winters on Two Cents, shared by Mike Winters from Lifehacker on (#5CV81)
If you are looking to give to a good cause and you own a portfolio of stocks, consider donating stocks directly to charity instead of cash. You'll avoid the capital gains liability you'd owe on the stock if you sold it, and it will maximize the tax deduction you're allowed to take. Here's how it works.