While many people donate cash or volunteer for their favorite causes, charities also welcome donations of company stock. Stock donations can offer a tax bonus to donors if the shares have appreciated. However, obtaining a business valuation from a “qualified appraiser” is critical to reap the tax benefits from a donation of private stock. Tax benefits If you’re feeling generous this year, you’re not alone. Total charitable giving in the United States is expected to increase by 4.2% in 2024, according to “The Philanthropy Outlook 2024–2025” by the Indiana University Lilly Family School of Philanthropy. This projected growth rate significantly outpaces the annualized average of 1.9% over the past 10 years. Tax breaks may be available for charitable contributions. But only donors who itemize deductions on their 2024...