In December of each year, Eleanor Young contributes 10% of her gross income to the United Way (a 50% organization). Eleanor, who is in the 24% marginal tax bracket, is considering the following alternatives for satisfying the contribution.

	Fair Market Value
(1) Cash donation	$23,000
(2) Unimproved land held for six years ($3,000 basis)	$23,000
(3) Blue Corporation stock held for eight months ($3,000 basis)	$23,000
(4) Gold Corporation stock held for two years ($28,000 basis)	$23,000

Eleanor has asked you to help her decide which of the potential contributions listed above will be most advantageous tax-wise. Evaluate the four alternatives and complete a letter to Eleanor.