Charitable Gift of Stock

Donating gifts of appreciated stock provides donors not only the charitable tax deduction but the avoidance of capital gains tax on that stock. The more highly appreciated your security, the more capital gains tax you will avoid. And if you wish to still own the stock you donated a helpful tip is to use the cash you were going to donate to repurchase the same stocks, which means you will still own the stock but at a higher purchase price without the embedded taxable gain.