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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Dell-icious who wrote (84101)12/7/1998 3:40:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
I am not sure about it but I think Fidelity has a mutual fund specifically designed for this purpose.



To: Dell-icious who wrote (84101)12/7/1998 5:48:00 PM
From: JBird77777  Read Replies (3) | Respond to of 176387
 
RE: Donating stock

In the past, either I already had the stock certificate or asked my brokerage firm to send me one for the no. of shares I wanted to donate. Then I signed over the certificate to the charity. The charity's policy was to immediately liquidate all donated securities, so it would deposit the certificate into its brokerage account (set up for this purpose), liquidate it, and deposit the proceeds into its general fund.

Incidentally, when donating stock, for tax purposes I don't think it matters how long you have held it. I think that the donor gets a charitable deduction for the fair market value of the stock, and pays no taxes on the unrealized gain (if any).

JB



To: Dell-icious who wrote (84101)12/7/1998 5:59:00 PM
From: SecularBull  Read Replies (1) | Respond to of 176387
 
Dellicious, the charity typically can have their broker make arrangements to transfer your stock to their account, much like a wire transfer would be done. If your broker says that he/she doesn't know how to do it, I'd fire him/her for incompetence. <GGG>

I've been making gifts like this for the last few years. This year I made a $10,000 gift that cost me $700 in basis to make. I got the full write-off for $10,000 w/o paying any capital gains tax on what would've been a $9,300 gain. Anyone who gives to charity, owns stock, and doesn't take advantage of this, is not very smart, IMHO.

Let me know if you have anymore questions.

Regards,

LoD