But making a contribution from stocks may end up benefiting you more in the long run, especially if you held the stock for more than a year and its value appreciates by the time it is donated. This allows you to deduct the stock's full fair market value without having to realize the ...
One way to achieve that is by opening a so-calleddonor-advised fund, according to Penke. These investment accounts offer an upfront deduction and flexibility to make future gifts to eligible nonprofits.
Donors who can surpass the standard deduction hurdle can put money into a donor-advised fund to receive the tax break. The fund allows you to parcel out money over time. Charitable remainder trust. Gifts put in this type of trust allow donors to give to charity, but receive income as well...