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Donate Stock or Mutual Funds

For the many of us who want to donate in times of need, the Better Business Bureau’s Wise Giving Alliance ( often updates its list of BBB-accredited charities that are raising funds to aid victims of hurricanes.

Rather than just writing a check, one might consider the option of giving appreciated stock or mutual funds you have held for more than a year, suggests Donald Pearson, Pearson Capital, “That way you will get a tax deduction for your donation and avoid paying capital gains taxes on the increased value of the stock over time,” says Pearson.

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