BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Save money, give stock to charity!]]>http://www.bloggingstocks.com/2009/06/16/save-money-give-stock-to-charity/http://www.bloggingstocks.com/2009/06/16/save-money-give-stock-to-charity/http://www.bloggingstocks.com/2009/06/16/save-money-give-stock-to-charity/#commentsFiled under: , ,

Surviving this recession is foremost on peoples' minds, but giving to charity is especially important in times like these. So how can you effectively give while preserving your net worth?

If you plan on liquidating any profitable, or taxable, positions in the stock market thanks to the current uptrend and also want to give to your favorite charity, the strategy outlined below is key to optimizing your gift, as well as your capital.

Though giving cash to causes is the most popular form of charity, desperate times call for creative measures, and any type of gift will be gladly accepted. By giving stock directly to charity, and bear in mind that the stock must be in your portfolio for one year or more as short-term capital gains are not applicable, you not only avoid capital gains taxes on your gains, but you can actually use the gift of your stock as a tax deduction. Hence, the cost of your gift is lower than giving cash directly. Think of it as an overall investment for yourself and the charity.

Continue reading Save money, give stock to charity!

Save money, give stock to charity! originally appeared on BloggingStocks on Tue, 16 Jun 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>algtbdsicharity donationsCharityDonationscpsiddupfeaturedicuimygnpalmpnrargldrosttevavrxTue, 16 Jun 2009 14:00:00 EST