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Say I have stock that has appreciated significantly and I have held the shares long enough to qualify for long term capital gains. Also, I want to give away this stock to several charities. Is there an alternative to distributing shares out to multiple entities? For example, could I set up a non-profit foundation in which to deposit the stock, then sell the stock, and distribute to proceeds to several charities?

The reason I am thinking about this is because every year I face this same situation. I have several charities to which I want to contribute. I usually have at least a few stocks that I have owned for at least a year that have grown significantly in price. Seems like an efficient way to support these charities and save some taxes is to give away this stock. However, it is somewhat of a pain to distribute parceled out shares to several different organizations. Seems like it would be easiest to consolidate the shares, sell them, and then just distribute the money. The kicker is that it all be non-taxable events and that whatever potential solution (e.g. as above) not incur prohibitive costs.

Is this possible?

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