End of Year Giving

As the end of the year approaches and you become more focused on completing your charitable giving for the year, a Donor Advised Fund certainly should be on your list of ideas to consider. Donor Advised Funds are particularly useful to charitably-minded taxpayers who decide that the timing is right to liquidate an appreciated security but is not ready to decide on the ultimate charitable recipients of the gift.
You can make a gift of cash or appreciated securities to a Donor Advised Fund in the current year and delay to future years the decision to recommend gifts to other public charities that can ultimately put the gift to work for charitable endeavors. In the case of a gift of long-term appreciated securities, you are allowed an income tax deduction for the value of the securities at the time of the gift. You also can avoid the capital gain tax that would have been due on the sale of the securities because the securities are sold by the charity after the gift is made.
You get a tax deduction in exchange for donating cash, appreciated stock, or other assets, and retain the right to make gift recommendations at your convenience.  To learn more about how DAFs work, call us at 614-338-2365.

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