"Sometimes, despite the old adage, cash isn't king, and with the growing popularity of cryptocurrency these days, cash may not even be cash," Michael Gordon Voss writes in the Stanford Social Innovation Review.
So what to do when cash doesn't seem to be the best way to fund your charitable giving? Consider donating non-cash assets like cryptocurrency, real estate, or stocks, Voss explains in a podcast from Schwab Charitable.
"These types of contributions can also have greater tax benefits for donors," he writes. In fact, more than 90% of US household wealth is held in non-cash assets, according to the Schwab Charitable website. "So publicly-traded stock might fall in that category," Schwab's Eric Joranson tells Voss.
"It could be things like Apple stock, Disney stock, etc. It could be things like an LLC interest, a limited partnership interest, a C-corp, or an S-corporation interest."
You can also donate appreciated non-cash assets for more than a year.
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