03/28/2008 02:45 am ET Updated May 25, 2011

Donate Stocks, Not Cash

Americans make about $200 billion in tax-deductible gifts to charity each year, and most of them are in cash.

But if you have stock in your investment portfolio that has risen significantly in value since you bought it, you might be better off donating the stock instead of cash.

Doing so can boost your tax savings, allowing you to give more to charity or simply enjoy the fact that the contribution costs you less money.

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