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« The Poor in Proverbs | Main | Free Money Finance March Madness, Round 3, Posts 17-24 »

March 12, 2007


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Yes, sounds like a great plan as long as: (1) you have a fund that you wish to get out of, and (2) your charity of choice can deal with this sort of donation.

Agreed, that's exactly how I would do it. Your charity of choice will likely prefer/require you to make a donation above a set level. In the case of a church, it may be equivalent to making a year's worth of weekly contributions all at once. Your mileage may vary.

Also, don't be surprised if your charity is not used to this sort of donation and is hesitant to accept it. Consider volunteering your time to help them with it as well and you might find that others are willing to give similar gifts. Your initial contribution then goes much farther.

How do you calculate tithe when you have mutual funds that you didn't sell, but for 2007, they are showing huge capital gains even though the value of the fund holding and fund price has gone way down?

Here's how I do it:

It seems there would be strategy involved in which shares you would want to transfer to the charity. Meaning that you would ideally want to use the specific shares method and select the shares purchased at the lowest price to leverage the ability to "raise" your overall cost basis and reduce the gap between cost basis and value. Are you able to select specific shares to do this?

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