Jamie and Matt know it will be more cost-effective to donate the appreciated stock itself—if they sell the stock first and donate the proceeds, capital gains taxes will eat into the value of their donation. But there’s a catch: Jamie and Matt would like to give to a local, grassroots anti-poverty organization. They envision supporting programs that promote food security, housing assistance, and job training for individuals striving to make it out of poverty. But the three charities they have spoken with have said that they unfortunately are not equipped to accept gifts of stock.
Jaime and Matt go back to the drawing board. Then they realize they already have a solution...Read more