Author Topic: Donating appreciated stock  (Read 804 times)

Penny Lane

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Donating appreciated stock
« on: December 30, 2014, 07:31:45 AM »
Everyone have their charitable gift fund established?  These are simple ways to gift appreciated stock, and after this year of good investing fortune, a way to avoid tax on gains as well as receive a nice tax break. I have an index fund just to feed this fund ( Fidelity's is easy to do); when I'm up about 1K, I transfer that to the fund.  The fund can also be invested while it's waiting to be gifted.  You don't have to make the contribution to the charity in the year you gift the fund.  I've made about 8K of transfers into my fund this year.  I can give away a lot of money in about 15 minutes! 

Anyone else have experience with this?  If you've made gifts of stock without this mechanism, you know it can be quite cumbersome.