Giving Funds
A Giving Fund is a donor advised fund designed to make charitable giving easier. As part of a public charity, this solution seeks to offer the maximum tax advantages of all other charitable giving options, and can provide you with a simplified giving process without the administrative and regulatory complications and expenses of other charitable vehicles.
The following are potential advantages:
- Low entry cost for participating in strategic charitable giving
- Personalization through naming of the gift account
- Choice of various investment strategy portfolios
- The right to recommend grants to public charities
- Flexibility over the timing and notification of grant distributions
- Choice of anonymity or recognition in grant-making
- The highest charitable income tax deductions allowable by the IRS
- Flexibility to name successor advisors for the gift account and to select that the gift account exist in perpetuity
- Opportunity to create a family legacy by involving the next generation in the gift account
- Ability to donate low cost-basis stock without incurring capital gains taxes while receiving an income tax deduction for the fair market value of the stock
- Tax-free growth of charitable assets
- Single monthly statement reporting to the client