Charitable Giving
“We make a living by what we get, but we make a life by what we give.” Winston Churchill
Charitable Giving using Donor-advised Funds
1) Provides a tax benefit and potentially eliminate capital gains*
2) Seeks to maximize your giving
3) Helps you track your gifting for tax purposes
* A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on a donor’s specific tax situation. Consult a tax advisor.
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How does it for work?
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1) Contribute
Donors open an account by making an irrevocable contribution of at least $5,000 in cash, securities or other assets. The most tax-smart option is to contribute appreciated securities and potentially eliminating capital gains taxes.
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2) Invest
The account is invested in one or more investment pools. Accounts of $250,000 or more can be professionally managed by an advisor with a broad range of investment options.
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3) Grant
Donors or designated advisors can recommend grants at any time to any qualified U.S. public charity. The custodian sends the funds to the charities along with a personalized grant letter, keeps track of all contributions and grants, and is a centralized source for all tax receipts and records.
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