Yes. While cash gifts can be beneficial to charitable organizations, donating appreciated stock can provide additional tax advantages. A charity is tax-exempt, meaning it can sell appreciated shares of stock without having to pay gains. In contrast, an individual would be responsible for paying long-term capital gains tax if they were to sell the shares before making a cash donation to a charity. Thus, if an individual contributes appreciated stock directly to a nonprofit, the long-term capital gains tax will be bypassed.