Ordinary Income Donation
You purchased 100 shares of XYZ stock at $10 per share ($1,000), but just 8 months later you donated that stock to your church when the value of this stock was $15 per share. Because you held the stock less than 12 months, this would be an Ordinary Income Donation. You will only be able to deduct the original basis ($1,000) of the stock, rather than its full fair-market-value.Capital Gain Property Donation
You purchase the same 100 shares of XYZ stock at $10 per share ($1,000), and 14 months later you donated them to your church when the per share price was $15. In this case, since you had the stock for greater than 12 months, you can deduct the entire fair-market-value of the stock ($1,500).