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If the donation is made in appreciated stock, the donor also avoids capital gains taxes.
Most appropriately, you've raised the issue of fairness — and the system's current unfairness is even greater when a donation is made in appreciated assets.
The wealth that was once frozen in appreciated value and thawed at the discretion of the owner, in homes, notably, is now, increasingly, liquid in the hands of international financial institutions.
When he left Enron, Mr. White was paid $1 million and a $13 million "phantom stock award," which is a promise to pay a future bonus in appreciated stock or its cash equivalent.
It certainly is true that "a thing of beauty is a joy forever," but these vulgar "collectors" buying art in the hope that it will "pay off" in appreciated value take all the joy out of it.
According to the disclosure forms, he held $25 million to $50 million in Enron shares, $25 million to $50 million in stock options and $5 million to $25 million in a phantom stock award, which is a promise to pay a future bonus in appreciated stock or its cash equivalent.
Similar(47)
There's no sin in appreciating male beauty, either.
People who come in appreciate the place and respect it.
"My grandfather was not alone in appreciating it and acting to preserve it," Mr. Rockefeller said.
Home brewers are more interested in appreciating the flavors of their products, she said.
As a former East German, Angela Merkel has no difficulty in appreciating freedom, respect and human rights.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com