We have been hearing stories lately about people who have made huge gains in the stock market and then decided to share their good fortune with others in the form of charitable donations. For example, in early March, Louise MacCallum and her husband Michael Barnstijn decided to do something to help the Kitchener and Waterloo Community Foundation . That single contribution instantly doubled the Foundation's endowment fund. If you have donors with hearts as big as their investment portfolios, there are opportunities to turn paper gains into cold hard cash for the client and the charity.
Lets look at a more typical situation as an example.
Mrs. Money is 71 years old and in excellent health. She also wants to make a substantial gift to a charity that is near and dear to her. B. Bequeath the shares to the charity. C. Sell the shares now and donate the cash. D. Donate the shares now.