Stock investors who are charitable donors can minimize capital gains taxes and improve portfolio diversification by donating their most appreciated shares instead of cash, and then investing the freed-up cash in the portfolio's least-weighted stocks. The charity is indifferent to the donation...

In the presence of conditional charity, universities must undertake costly revenue raising to qualify as prospective recipients of private donations. This paper considers the donation portfolios of U.S. universities between 2003 and 2014 to investigate whether a strategy that includes beliefs...