'Tis the Season to Donate Stock Says Fidelity Charitable's Valas

Investors seeking a tax efficient way to give to charity this holiday season would be smart to consider donor advised funds, said Karla D'Alleva Valas, Managing Director of the Complex Asset Group at Fidelity Charitable. Valas added that there is a growing trend of donating appreciated publicly-traded stocks and even certain businesses to public charities. She said these contributions can potentially minimize capital gains exposure on the sale of the asset. Furthermore, Valas said donors are generally entitled to a tax deduction of the asset's full current market value and not just the original cost basis.

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