Donating shares to charity

Donating shares to charity: "Donating shares to charity




Terry McBride, Special to The StarPhoenix
Published: Tuesday, May 23, 2006

When you support a worthy cause by making a charitable gift, you can also reduce fees and taxes levied on your estate. But before writing a cheque, you should review your stock portfolio first. You could be much better off from donating stocks that have gone up instead of writing a cheque.

You would pay income tax needlessly if you were to sell stocks first and then hand over the cash proceeds to charity."