Rather than selling stock that has increased in value to then donate the money to charity, some people consider giving the stock instead. If you've owned the stock for more than one year before you donate it, you'll get a double benefit: you won't have to pay taxes on the appreciation, and you'll get to take a deduction for it.
Please check with your accountant or advisor to make sure it’s appropriate for your situation.
Or, feel free to contact me at:
Rick Awtry
Centennial Securities
3075 Charlevoix Drive, SE Grand Rapids, MI 49546
(616) 942-7680