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
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