Gifts of Mutual Fund Shares

Many more Americans these days own shares in mutual funds than own individual stock.  So you’d think gifts to nonprofits of mutual fund shares would be much more commonplace than gifts of stock. You’d think so, and I thought so once, but that is not the case.  The typical development shop will see stock giftsContinue reading “Gifts of Mutual Fund Shares”

Gifts of Mutual Fund Shares and U.S. Savings Bonds

The first time I received a gift of mutual fund shares I thought “Yea!” and set about liquidating the gift in the same way I would process a gift of appreciated stock. NOTE! I neglected to mention something very, very important in yesterday’s blog about stock gifts.  Each and every time you receive a giftContinue reading “Gifts of Mutual Fund Shares and U.S. Savings Bonds”