With recent market returns, there is a good chance a portfolio holds some stocks and/or funds with sizeable gains. Selling these could result in a tax liability and continuing to hold them could leave them subject to future market volatility. When planning charitable gifts this year, consider gifting those highly appreciated securities to a charity. As long as the securities were held for over 1 year, the tax deduction would be for the security’s fair market value and there would be no taxes due on those gains. Sounds like a win-win!