Friday, November 9, 2007

Donors Harvest Tax Benefits of Hot Stocks

This Wall Street Journal article explores how the market's rise has spurred many to give shares to charities. More people are giving stock to charity in lieu of cash. Here's what author Tom Herman urges donors to consider the following.

  • - Rising markets have pushed up the value of many securities.
  • - Stock gifts net a tax deduction and spare you paying capital-gains tax.
  • - For the best tax result, donate shares owned for more than a year.

Read the full 11.07.07 Wall Street Journal article by Tom Herman.


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