play_therapist comments on Giving: is money better than options? - Less Wrong

11 Post author: jkaufman 05 January 2012 01:54PM

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Comment author: play_therapist 05 January 2012 07:25:53PM 1 point [-]

Re: charitable gift funds. Fidelity calls it the Charitable Gift Fund, I know there are similar funds managed by other places. The way it works is that you transfer your appreciated stocks to it and take the tax deduction in the year they are transferred. Fidelity sells the stock and you elect which of their funds (growth, bonds, etc.) the proceeds should be invested in. When you wish to donate to a charity, you go online and direct Fidelity to make the donation. It must be to a 501c3 approved charity and a minimum of $50 must be donated. It's as quick and easy as writing a check and you can make the donation anonymous if you wish. Fidelity does collect some management fees for the service, but they aren't very high.