Charitable Giving Strategies

Ready to give back? Hold off on writing that check and let’s talk strategy!

Give generously for your heart. Give smart for your taxes.

Here are a few ways we can maximize your charitable impact and your tax benefits:

Say goodbye to last-minute, year-end charity decisions. With a donor-advised fund, you can secure your tax write-off now and take your time deciding where to allocate your funds later.
Trouble itemizing? Stack your gifts! If your donations fall short of the standard deduction, bundle them into a Donor-Advised Fund to maximize your tax benefits.
Sitting on appreciated stocks? Donate them directly to charity to potentially avoid capital gains tax and if you’re eligible, receive a tax deduction based on their current value. Let’s say, you bought $1,000 worth of stocks that are now valued at $10,000. Instead of selling them, donate them for a tax deduction that reflects their current $10,000 value and save on the capital gains tax the $9,000 gain would have been subject to. Win-win!
If you’re over 70.5, you may be eligible to give directly from your IRA to charity, avoiding taxes and Required Minimum Distributions (RMDs). This is especially beneficial if you're 72 (or 73 if you turn 72 after Dec. 31, 2022), subject to RMDs, and are looking to minimize your tax liability.