Press Room

November 28, 2011

Keep the Stock, Donate the Beans

As more wealthy individuals decide to keep their liquid securities instead of making them part of charitable giving, alternative assets are becoming increasingly common as donations. Andrew Kyriacou of Andersen Tax encourages private equity clients to donate privately held stock. 

“The charities received more and the government got less,” said Kyriacou. “This method helps the donor avoid capital-gains taxes and typically receive a larger tax deduction.”

 

The Wall Street Journal 
November 28, 2011
Read the entire article here