Great people do great things. Donate Stock and bond donations are becoming one of the most beneficial ways to truly change lives. Too often items are given to a charity, but are not something that can be directly used in the charity’s programs. The charity then must sell the item, usually for pennies on the dollar. Making a stock donation provides a full deduction for you in the amount of the share market value. The charity receives a donation that can easily be converted into cash! In most cases the donation will even gain value before the charity can convert the stock donation to cash. That’s a great situation for both the charity and the donor. Stock donation, bond donation, and virtually any other type of investment within your personal portfolio or retirement account can be converted into proceeds that will go directly to charity.
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