Like everything else connected with gift giving, the kind of property you choose to give away—for example, cash, stocks, or real estate—can have tax consequences for you and for the recipient. You can give only what's yours. If you own property together with your spouse or someone else, you must
One increasingly popular way to help out a favorite cause is by donating to a "pooled" charitable trust. You can do this with a contribution of $5,000 to $10,000 -- a lot less than is required to set up your own charitable trust.