Why Donating Stock to Charity is a Smart Philanthropic Choice
Donating stock can be an exceptional gift that enhances both your investment portfolio and your charitable contributions. This method of giving provides numerous advantages, allowing you to maximize your philanthropic impact while enjoying significant financial benefits. By donating appreciated stock, you can avoid capital gains taxes and deduct the total market value of your donation from your taxable income, increasing the value of your contributions. Continue reading to discover the benefits of donating stock to charity, including tax savings and enhanced donation value, along with how AIF's online stock donation tool simplifies the process for you. The Power of Stock Donations If you aim to make a substantial charitable contribution, a stock donation can be a strategic and effective approach. Rather than merely substituting for cash donations, stock donations allow you to leverage your investments for maximum philanthropic impact. If you're considering this option, read...