Would you like to make a charitable contribution that provides a double tax benefit?
12/14/2001
Donating marketable securities, which have been held for more than 12
months and have appreciated in value to a qualified charitable organization,
will do this for you.
By making such a donation, you would be entitled to take a deduction on Schedule A of form 1040, for the fair market value of the securities on the date contributed. This would allow you to avoid the capital gain if the securities were sold and subsequently donated, thus providing a double tax benefit. Please note that certain other restrictions do apply.