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Why Donate A Stock or Mutual Fund With A Gain To Charity?

April 26, 2017charity donate gain mutual fund stock

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Why Donate A Stock or Mutual Fund With A Gain To Charity?

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When you donate a stock to a charity, you give them the actual stocks. Thus, using the illustration above, you would give the charity $110 worth of stock. The IRS would allow you to claim a charitable donation for $110. The charity can then sell the stock for $110 and they end up with $110.