Benefits of Donor Advised funds
Few Charitable giving options provide the versatility and tax efficiency
that Donor Advised Funds do. Today's Donor Advised funds provide
many benefits. You can:
Enjoy an immediate tax deduction
contributions are fully tax deductible in the year they're made.
Donate appreciated securities tax free
When you donate appreciated securities to a Donor Advised Fund,
you may immediately deduct their fair market value from your taxes,
without incurring any capital gains liability.
Create a legacy of giving
You may name account advisors who will have the ability to recommend
grants from your account. You also have the ability to select successors,
who can continue your charitable legacy by recommending grants beyond
Separate tax planning and charitable decisions
Immediate tax advantages through contributions can be achieved
now and grants can be recommended to charities later. Donor Advised
funds can help eliminate the year end pressure to select a charity
and make a grant.
Record keeping made easy
Donor Advised funds provide consolidated reporting and record keeping.
You'll receive quarterly account statements, gift receipts and IRS
ready tax information. There is no need to hire your own attorney
to draft trust documents and no need to hire a CPA to draft an individual
return for your account.
If you prefer, your grant(s) can be made anonymously, so that your
name and personal information will not be known.
The information contained on this site is for educational purposes
only. It is not intended to be professional tax or legal advice;
consult the appropriate professional regarding your specific situations.
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