Why It Might Make Sense to Donate Your Best Investments Instead of Cash
Overview
What might your best stock holding, a piece of real estate, shares in a privately held company, interests in private equity, venture or hedge funds, fine art, collectibles, and bitcoin have in common? Whether you purchased them for love or investment purposes, they could be among the best items to give to your favorite charities to realize maximum tax benefits. Before you sell them, it's vital to understand how appreciated non-cash assets can be to a philanthropic wealth management strategy.