Carl and Joanna are amateur investors who have done very well. They have some growth stocks that have gone from $100,000 just a few years ago to $200,000 today. These are not their only assets, and their estate is fairly large. They have two grown children, and also feel very strongly about leaving a positive legacy behind through some charitable giving. Being alumni of the University of North Carolina at Chapel Hill, they are also rabid basketball fans and have great disdain for Duke University. They'd like to take some income from the growth of these stocks, but there is a tax issue. If Carl were to sell his stock portfolio he'd owe capital gains taxes of 20%, or $20,000. Being a Tarheel, that rubs him the wrong way.
Is there a good way out of this dilemma for Carl?