Why Donating Stock to Your Church Can Be a Smart Charitable Move

One of the biggest advantages of donating stock instead of cash is the potential tax savings. When you donate appreciated stock that you’ve held for more than a year, you can avoid paying capital gains tax on the stock’s increase in value. Additionally, you may be able to claim a charitable deduction for the full fair market value of the stock on the date of the donation. This dual benefit can make a big difference come tax time.