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In each case, it is liquidated and used as cache. Some of the skill of the best philanthropy folks is in finding ways to offload these wonky donations that dono
by jvanderbot 5y ago
In each case, it is liquidated and used as cache. Some of the skill of the best philanthropy folks is in finding ways to offload these wonky donations that donors think are useful.
However, from the donor's perspective, donating stock, and other valuable stuff, is a good tax dodge. You don't have to pay capital gains taxes and then send money to the org. So usually the org is happy to accept these gifts, but yes, they'll sell them.