With the stock market up almost 25% in 2017, it might be a good year to consider giving appreciated stock instead of cash. This would be a great question to ask your financial adviser or tax professional before December 31st.
Giving cash gifts to your church or favorite charities is always a blessing to them. You may, however, qualify for a significant tax break and avoid capital gains taxes by donating appreciated non-cash assets such as stock or real estate. Other non-cash gifts would also include giving such items as vehicles, boats or equipment.
This brief video from National Christian Foundation does an excellent job of showing the power of non-cash giving.