Donations of Noncash Gifts and Stock Are Rising Fast

By HOLLY HALL

Americans are giving away tens of billions of dollars worth of stock, art, real estate, and other noncash gifts every year, according to the IRS.

In a new report — the second of its kind — the IRS found that taxpayers reported at least $41.1-billion worth of noncash gifts in 2005, the latest year for which...