2 minute read
Is a Donor Advised Fund Right for You?
Do you wish you had more time to decide where to give before the tax deadline of December 31st?
As you’re thinking about retirement, would you like to spend more time giving back in the future?
Have you ever thought about a way to organize family giving or create a way for your family to give together?
Are you interested in ways to reduce your taxes?
Do you have a desire to leave behind some sort of personal or family charitable legacy?
Do you support more than three charities each year, including your church or school?
Do you gift more than $5,000 annually to charities that you are passionate about?
Do you have any assets outside your retirement, such as appreciated securities, mutual fund shares, cryptocurrency, business interests, shares, or property?
Are you expecting to earn more this year than typical, or receive variable income, or expecting a sale or financial windfall?
Are you expecting to develop or update your will or estate plan?
If you answered yes to more than one of the questions above, a donor-advised fund could be a great fit for you.
Because a donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about, it's easy to contribute cash, securities or other assets. At the time you make the contribution, you're generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to IRSqualified public charities.
If you’d like to make a difference but don't know where to start, we'd be happy to meet with you to provide advice and inspiration. If you are working with a financial advisor, estate planner, accountant, or another professional advisor, we'd be happy to provide them with information, as well.
