Tax debates, market's rise spur record charitable giving

07/18/2013 | Financial-Planning.com

Uncertainty late last year over potential tax changes prompted many clients to give to charitable causes in record amounts and to set up donor-advised funds, say Schwab and Fidelity officials. Strategic thinking about giving has continued this year, they say. Because of the market's rise, appreciated stock has represented 65% of donations so far in 2013, said Schwab Charitable President Kim Laughton.

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