sixtyPercent: Cochlear Implants, Aviation, Technlology, and Philosophy 2006/12
End of Year Charitable Gift
The ads on this blog do not make me much money -- actually I don't make any money from the ads. As the link says, I donate the proceeds to charities. This year we're also taking advantage of the a nice US tax code "loop hole" to give gifts of long-term appreciated securities (i.e. stock).
It turns out that many charities can accept stock as a gift. If you were to sell the stock, and then give the money to a charity, you would pay the long-term capital gains on the stock sale. If you just give the stock directly, you pay no capital gains (assuming long-term), and still get the full market value for the charitable deduction. Since 2006 has been a good year for stocks, I bet that many people have a bit extra to give.
by David Creemer : 2006/12/06 : Categories life ideas (permalink)
