Reports Suggest Trump Accounts May Allow Stock Donations
Altimeter Capital CEO Brad Gerstner suggested that Trump Accounts could allow direct stock donations, following a report that White House and Treasury officials discussed the possibility. Currently, the accounts only accept cash contributions, but allowing stock donations could offer tax incentives for philanthropists. The potential change could expand funding options for the new tax-deferred investing accounts for children.
Topics: philanthropy regulatory change stock donations tax incentives Trump Accounts