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I do a similar thing, but I have a fairly aggressive portfolio on Betterment that I store my eventual philanthropy in. I fund it out of my credit card's cash ba
by cdcarter 11y ago
I do a similar thing, but I have a fairly aggressive portfolio on Betterment that I store my eventual philanthropy in. I fund it out of my credit card's cash back, and unexpected extra income. It's very frustrating to not be able to take advantage of tax deductible gifts seemingly just because I don't own a home!
- xur17 11y agoIf you donate the investment directly to a non-profit, you will be able to deduct the full value of the investment, and won't have to pay capital gains on it. Keeping the money in an investment account is a fairly good idea - I should have enough by the end of the year to make this worthwhile.