Adam Nash: Why You Should Always Donate Stock Instead Of Cash
Portfolio Pulse from Adam Nash
Adam Nash, co-founder & CEO of Daffy.org, suggests that donating stock instead of cash to charity can provide significant tax benefits. Donating appreciated assets allows the donor to deduct the current market value of the security and avoid paying capital gains taxes. The charity also benefits as they don't have to pay capital gains taxes when they sell the donated stock. Nash uses Apple (NASDAQ:AAPL) and Vanguard Total Market (NYSE:VTI) as examples. He also mentions the use of donor-advised funds (DAFs) like Daffy.org to facilitate stock donations.
November 09, 2023 | 5:00 pm
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NEUTRAL IMPACT
Apple stock is used as an example of a beneficial asset to donate to charity. This news does not directly impact the company's operations or financials.
The mention of Apple is only as an example of a stock that could be donated to charity. It does not reflect on the company's operations, financials, or future prospects.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 50
NEUTRAL IMPACT
Vanguard Total Market ETF is mentioned as an example of an appreciated security that can be donated to charity. This news does not directly impact the ETF's performance.
The mention of Vanguard Total Market ETF is only as an example of a security that could be donated to charity. It does not reflect on the ETF's performance or future prospects.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 50