• Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

Q&A: Is it better to make a charitable donation in stock or cash?

Article

If you do not have stocks with gains, you are better off donating cash.

A: If the stock has appreciated since you bought it, you would be wise to contribute the stock. That way, you will not pay capital gains tax on the growth and will get a charitable deduction equal to the fair market value of the stock you contributed. Conversely, if you have suffered a loss in the stock, it makes no sense to contribute the stock since you would not get to deduct the loss. If you do not have stocks with gains, you are better off donating cash.

Modern Medicine NetworkNEWS & UPDATES
Wondering how to balance your retirement goals with your desire to make charitable donations? See http://memag.com/charity

Related Videos