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Great tax planning!

I generally do not know that many people wealthy enough to do so (even a lot of my wealthier clients have most of their wealth tied up in retirement instead of investments) but in general a little known tip if you have more investments than you know what to do with. Or in your case giving you more opportunity to invest while not taking a capital gain hit. Well done.

It doesn't take much wealth to utilize this strategy successfully. I like to spread out my donations, giving to a number of charities a little bit at a time. In the past, I would write a few donation checks whenever I had extra funds in my checking account. Now I donate appreciated stocks to a foundation just once or twice a year (daytonfoundation.org) and then periodically direct gifts to my selected charities. I now use the extra funds in my checking account to reinvest in the market. This accomplishes three tasks:
1. Avoidance of capital gains tax.
2. Provides more money for charitable donations.
3. Simplifies tax filing and record keeping - I keep only one receipt from the foundation rather than dozens from the individual charities.

I certainly don't classify myself as wealthy and the Dayton Foundation allows gifts as small as $15.

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