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Charitable Giving

A charitable donation is a gift made by an individual or an organization to a nonprofit organization, charity or private foundation.  Charitable donations are commonly in the form of cash, but they can also take the form of real estate, motor vehicles, appreciated securities, clothing and other assets or services.

  1. Make non-cash gifts (including stock) part of your giving plan.
  2. Create impact with your contributions
    • Your contribution will go further if you select a few causes and give meaningfully to them.
    • Consider consulting Charity Navigator for independent rankings on the non-profit's level of transparency and accountability
  3. Implications of new Tax Cuts and Jobs Act 
    • Standard Deduction vs Itemize
    • Maximize the tax benefit of charitable giving by concentrating your giving into one year
  4. Consider opening and contributing to a donor-advised fund (DAF) account
    • Allows you to contribute cash, appreciated assets or investments that have been held for at least a year
    • Enables you to take one large current-year tax deduction, if you itemize, and potentially avoid paying capital gains tax on the sale of the appreciated assets
    • Invest funds for potential growth, and then grant to charities of you choice over time