The Best Way To Give To Charity #doctor #giving #charity

It's not as easy to give well as you might think. You know, you don't want any negative consequences to your giving. Right. It's like when we're giving money to our kids, we don't want to dump it all to them the day they walk out of high school. Right. That's a good way to ruin their lives. You want to give with intentionality and think about how much you're giving and how you're giving it and when you're giving it and those sorts of things. That includes when you're giving money to charity. One of my favorite ways to give to charity is. Is to give appreciated shares of mutual funds that you've owned for at least a year and have substantial gains. Cause the beautiful thing about this is you get the charitable deduction for the whole value of what you give. If you itemize on schedule A, you get to take the whole deduction for the value of what you gave. And then they sell it. So you never pay the capital gains on it. And because they're a charity, they don't have to pay the capital gains taxes on it. So that's cool. Nobody pays capital gains. You get the whole deduction.