There are several strategies one can utilize to support the charities they love.
- Giving gifts of Appreciated Stock. You won’t pay taxes on the Capital Gain and still receive a deduction.
- Using a donor-advised fund to get an immediate tax deduction with the ability to recommend where those dollars should go over
the years. Can be added to and replenished. This works if you take the itemized or standard deduction. - Qualified Charitable Distributions from IRAs for those 70 ½ + to reduce your income. You must direct those payments to go directly
to a charity. Then they will not count as income. - Bunching – Giving larger gifts every other year or every few years so you maximize your potential savings through charitable
deductions. - Charitable Lead & Remainder Trusts – Giving estate assets to remove value from your estate while giving you an immediate tax
deduction. - Planned Giving – Let us help you connect to a financial planner who can advise you in the planning future for you and your family.
Please contact Kathy Fielding ([email protected]) or Debbie Madeley ([email protected]) for more information on taking advantage of strategic giving options.