Yes! Donating stock is a simple strategy to increase your gift for philanthropy and your tax deduction. You can make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly for philanthropy.
When you transfer appreciated securities that you have held for more than a year, you can take an income tax deduction for the full fair-market value, rather than the amount paid. Plus, you generally do not pay capital gains when you donate securities rather than sell them.