The Best Stocks to Donate Now

As of 8/2/2024
Despite headwinds from inflation and fears of recession, many widely-held stocks have done very well and are ripe for tax-advantaged harvesting by via charitable stock gifting.

As detailed in our post on how to select stocks to donate to charity we recommend that you:

1. Harvest gains on hot stocks held 12+ months
2. Donate your all-time winners
3. Reduce portfolio concentration

To surface those stocks that are best for gifting today we’ve researched and published the top 20+ widely held stocks with a market cap of at least $10 billion based on 5-year and 10-year returns.

Best Stocks: 1-Year Returns*

Rank	Stock Ticker & Name	1-Year Return
1	MSTR MICROSTRATEGY INC-CL A	255.48%
2	INSM INSMED INC	229.86%
3	VST VISTRA CORP	158.77%
4	NVDA NVIDIA CORP	142.31%
5	COIN COINBASE GLOBAL INC -CLASS A	126.08%
6	APP APPLOVIN CORP-CLASS A	120.54%
7	WING WINGSTOP INC	116.3%
8	COKE COCA-COLA CONSOLIDATED INC	104.2%
9	GDDY GODADDY INC - CLASS A	100.25%
10	SMCI SUPER MICRO COMPUTER INC	95.44%
11	FICO FAIR ISAAC CORP	94.65%
12	HWM HOWMET AEROSPACE INC	87.64%
13	NRG NRG ENERGY INC	87.32%
14	KKR KKR & CO INC	84.38%
15	ANET ARISTA NETWORKS INC	80.13%
16	GE GENERAL ELECTRIC CO	79.49%
17	ARM ARM HOLDINGS PLC-ADR	78.41%
18	LLY ELI LILLY & CO	77.01%
19	CEG CONSTELLATION ENERGY	74.86%
20	IRM IRON MOUNTAIN INC	73.09%
21	PGR PROGRESSIVE CORP	73.05%
22	ERIE ERIE INDEMNITY COMPANY-CL A	69.85%
23	ALL ALLSTATE CORP	66.01%
24	AXON AXON ENTERPRISE INC	64.23%
25	AVGO BROADCOM INC	61.18%
Best performing members of the S&P 500 and NASDAQ Composite with a market cap > $10 billion. 1 Year to 8/2/2024

Best Stocks: 5-Year Returns*

Rank	Stock Ticker & Name	5-Year Return
1	SMCI SUPER MICRO COMPUTER INC	3891.37%
2	NVDA NVIDIA CORP	2561.95%
3	CELH CELSIUS HOLDINGS INC	2509.57%
4	TSLA TESLA INC	1229.29%
5	MSTR MICROSTRATEGY INC-CL A	978.18%
6	BLDR BUILDERS FIRSTSOURCE INC	706.31%
7	PWR QUANTA SERVICES INC	618.95%
8	LLY ELI LILLY & CO	615.58%
9	MRNA MODERNA INC	580.13%
10	DECK DECKERS OUTDOOR CORP	489.34%
11	BNTX BIONTECH SE-ADR	477.85%
12	URI UNITED RENTALS INC	472.5%
13	PDD PDD HOLDINGS INC	454.2%
14	MPWR MONOLITHIC POWER SYSTEMS INC	442.77%
15	CARR CARRIER GLOBAL CORP	433.25%
16	ANET ARISTA NETWORKS INC	423.25%
17	KLAC KLA CORP	422.49%
18	AVGO BROADCOM INC	416.35%
19	SAIA SAIA INC	397.07%
20	MEDP MEDPACE HOLDINGS INC	392.94%
21	HWM HOWMET AEROSPACE INC	354.92%
22	FICO FAIR ISAAC CORP	354.27%
23	AMD ADVANCED MICRO DEVICES	350.07%
24	FCNCA FIRST CITIZENS BCSHS -CL A	339.04%
25	COKE COCA-COLA CONSOLIDATED INC	335.51%
Best performing members of the S&P 500 and NASDAQ Composite with a market cap > $10 billion. 5 Years to 8/2/2024

For reference, we wanted to include a list of mega cap stocks that generally come to mind when speaking of long-term appreciation. Several racked up impressive gains!

Ticker	1-Year Return	5-Year Return
GOOGL Alphabet	29.82%	178.62%
AMZN Amazon	30.96%	84.18%
AAPL Apple	14.17%	331.06%
META Meta	55.31%	158.25%
MSFT Microsoft	24.73%	198.39%
NFLX Netflix	42.81%	92.47%
NVDA Nvidia	142.31%	2561.92%

At DonateStock, we know that appreciated stocks exponentially benefit both donors and nonprofits when benevolent (and strategic) investors avoid capital gains tax on stock by donating stock to charities they believe in. If you want to maximize your giving, gifting stock is one of the best tactics you can use.

*Data provided by hedge fund veteran and market analyst Berna Barshay.

Please note: we are not financial advisors and we do not provide investment or tax advice. This is informational only. Please speak to a tax professional.