Gifts of Cash: Cash contributions are deductible as an itemized tax deduction in the year you make the donation, up to 50 percent of your adjusted gross income. Excess charitable contributions can be carried forward for up to five additional years.
Gifts of Securities: The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. In order to preserve tax advantages, it is critical that you transfer the physical securities to Bellefaire rather than the proceeds from a sale.
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