One Less Thing

Donations in Kind, Tithing and Charitable Giving


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Here I discuss how to pay tithing with stocks, called donations in kind. I'm surprised it's not more well known since it can save you a lot of money by avoiding the long-term capital gains tax of 15%! I'll discuss how and why we want to model charitable giving to our kids, some charities we like to support (Charity: Water and Watsi), where to find unbiased reviews of charities (Charity Watch  or Charity Navigator) and what tithing is.

Links to tithing and humanitarian aid by the Church of Jesus Christ of Latter-Day Saints:
https://www.churchofjesuschrist.org/comeuntochrist/article/what-is-tithing
https://www.latterdaysaintcharities.org/
https://www.deseret.com/faith/2020/2/14/21133740/mormon-church-finances-billions-presiding-bishopric-ensign-peak-tithing-donations-byu-real-estate

Links to donations in kind:
https://philanthropies.churchofjesuschrist.org/gift-planning/what-to-give/assets/securities/procedure-for-donating-securities
https://tech.churchofjesuschrist.org/wiki/Donations_in_kind
https://support.vanguard.com/triage/coo/926106C5

https://www.irs.gov/taxtopics/tc506

Please feel free to send any questions my way at [email protected]
or DM @kaeliwood on Instagram

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One Less ThingBy Kaeli Wood