PERSONAL FINANCE: Doing good by donating stock [Column] | Business

Like many investors, you may own shares of stock (or other assets like mutual funds) that have appreciated in value given the generally favorable environment for the markets in recent years. If the stock is held in a taxable account, it means that a decision to sell shares at some point in the future may result in a taxable gain.

One option to consider is gifting those appreciated shares to qualified charities. This may provide a tax benefit for you and it could result in a larger gift for the receiving organization as well.

Weighing your options

Donating stock rather