We help clients support their favorite charitable causes in a tax efficient manner. I have a client who donates roughly $5,000* per year to a particular charity. Previously he had been donating from his checking account, like most people. However, I noticed that he had some stock in a taxable brokerage account that had doubled in value. So, we set up a donor advised fund and donated $10,000 of the appreciated stock to the fund. His cost basis in this stock was only $5,000, so we doubled his charitable impact (and income tax deduction) at the same cost to him. Everyone wins. hashtag#charity hashtag#giving hashtag#tax

*figures modified to protect privacy
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