For most people, charitable giving generally involves a cash donation or perhaps the transfer of appreciated stocks. However, collectibles such as art, antiques, sports memorabilia, wine or even Hot Wheels collections can also be donated -- with tax benefits to boot.
"Donating a collectible may be a nice way to make a donation to a charitable organization when other means aren't available," says Claudia Mott, a planner at Epona Financial Solutions in Basking Ridge, N.J. "In some instances, the donor may also realize that family members or other beneficiaries may have no interest in the item, and donating it would preserve it."
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