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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)
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To: OldAIMGuy who wrote (871)2/1/2001 4:52:15 PM
From: Starlight  Read Replies (1) of 1154
 
Tom - Doesn't the IRS value the gift on the date it changed hands from you to the charity? I didn't think gifts of stock were held for LT gain by charities. Usually they're cashed out right away -- but I could be wrong. I guess it depends on the terms of the deal. A gift of stock for a charitable annuity is cashed out right away, as are gifts of stock given to pooled funds.

Betty
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