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More accurate title: "Mark Zuckerberg Just Gave 18 Million Facebook Shares to Charities, One of Which is His Own Charity" Is there precedence for giving stocks
by jumbled 13y ago
More accurate title: "Mark Zuckerberg Just Gave 18 Million Facebook Shares to Charities, One of Which is His Own Charity"
Is there precedence for giving stocks to charities? To me that doesn't seem quite the same as donating to charity. More of a PR move than an act of good will.
- eigenvalue 13y agoThis is absurd. The charity can immediately sell the stock if it wants to. There are large tax advantages to the donor for donating highly appreciate shares of stock (see https://www.google.com/search?q=donating+highly+appreciated+stock https://www.google.com/search?q=donating+highly+appreciated+... ). If someone were planning on giving to charity anyway, it would be crazy to pay the taxes on the appreciated shares and give what is left over after taxes to the charity, when you could instead just give the shares (the charity would still get the full value even if the shares were immediately sold, because most charities are tax exempt).