Monday, April 12, 2010

Tips on How to Donate Stock or Mutual Funds to Charity

BDPA Education and Technology Foundation (BETF) would love to work with any BDPA member or supporter that wants to donate stock or mutual funds to support our SITES Endowment Fund or Jesse Bemley Scholarship Fund.

Soulclap to Craig Ford for telling us that IRS tax regulations allow you to donate stocks and mutual funds to non-profit organizations. Understanding a few tax implications regarding your contribution will help add value to your donation. However, many people think that donating the stock and selling the stock to give the money to a charity yields the exact same results. However, by donating the stocks with a capital gain, both the donor and the recipient will benefit more if the stocks are donated instead of selling them and donating the cash.

Read the rest of this Christian Science Monitor article here.

What say u? Would you like to be one of the first people to ever donate stock or mutual funds to BETF?

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