STOCK GIVING: A SMARTER WAY TO MAKE AN IMPACT:
Experts advise that if you are currently writing checks to charities, but also have appreciated stocks or mutual funds in a taxable investment portfolio, you likely have a significant opportunity to pay less tax, give more, improve your personal cash flow, and simplify your giving. The key is to donate these before the sale, which means you’ll reduce or eliminate capital gains taxes. After your donation to Fidelity, your stocks will be liquidated and placed in MAI’s Fidelity account.