Save money, give stock to charity! - Daleela Farina

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Save money, give stock to charity!
Jun 16, 2009 07:00 PM UTC

Daleela Farina

Return	Risk
+4.54%	LOW

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Symbol	Sentiment	Start	Return	Closed
TEVA		06/16/09	-11.03%	--
PALM		06/16/09	-7.72%	06/29/09
RGLD		06/16/09	-26.07%	--
BDSI		06/16/09	+35.03%	--
DDUP		06/16/09	-3.58%	--
PNRA		06/16/09	-28.61%	--
ICUI		06/16/09	+19.88%	--
CPSI		06/16/09	-16.92%	--
VRX		06/16/09	-42.99%	--
ALGT		06/16/09	-18.95%	--
ROST		06/16/09	-16.56%	--
MYGN		06/16/09	+31.90%	--

Via BloggingStocks:

Filed under: Palm Inc (PALM), Teva Pharm Indus ADR (TEVA), Stocks to Sell

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.

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