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Donate Stock or Mutual Funds

For the many of us who want to donate in times of need, the Better Business Bureau’s Wise Giving Alliance (www.give.org) often updates its list of BBB-accredited charities that are raising funds to aid victims of hurricanes.

Rather than just writing a check, one might consider the option of giving appreciated stock or mutual funds you have held for more than a year, suggests Donald Pearson, Pearson Capital, www.pearsoncapitalinc.com. “That way you will get a tax deduction for your donation and avoid paying capital gains taxes on the increased value of the stock over time,” says Pearson.


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