Your Best Year-End Tax Planning Move: Donate Stocks Instead of Cash

Boost your philanthropy and tax savings in one fell swoop.

For high-income earners, there is no year-end tax planning move more valuable than donating appreciated shares of stock or a fund. With the stock market continuing its ascent to new highs, philanthropic-minded investors have a great opportunity to put the tax code to work for them to boost both their charitable donations and their tax savings. If you are planning to make a year-end donation to a qualified charitable organization, you should consider the advantages of donating appreciated shares rather than a cash gift.

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Pete Woodring, RIA
Founding Partner, Cypress Partners

Woodring is founding partner of San Francisco Bay area Cypress Partners, a fee-only wealth consulting practice that provides personalized, comprehensive services that help retirees and busy professionals to enjoy life free of financial concern.