Can you help us feed our community?
Donating appreciated stock can be a smart move from a tax perspective – not to mention an incredibly valuable contribution to Minnie’s Food Pantry. You as the donating investors pay no capital gains tax on the transaction while Minnie’s Food Pantry reaps the benefits of an asset it can use later on. You can take a charitable deduction for the stock's fair market value on the day stock is given. In some instances, donating appreciated stock in your portfolio can be better than giving cash.