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A Good Way to Give Well

12/10/07 - 03:53 PM EST

Gregg Greenberg
Gregg Greenberg

Feeling Charitable? Consider Donor-Advised Funds

Quite often, donors pledge appreciated securities as opposed to a straight cash gift. Using this method, the donor gets a tax deduction for the market value of the stock and avoids paying the capital gains taxes associated with selling the stock and donating cash.

Wright-Violich says most funds have tools to help donors make their charitable decisions. She also suggests the funds can be used as a good teaching tool for parents and grandparents.

"Affluent grandparents can open up a $5000 donor-advised fund for their grandchildren," says Wright-Violich. "They can't spend that money on frivolous items, and they can learn the importance of giving."




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Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.

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