Charitable Giving

What Are the Best Ways to Optimize Your Charitable Donation Tax Deduction & Improve Your Giving?

Answers to that question should contemplate a number of variables, including:

Charitable Giving + Liquidity Events

Itemizing Deductions & Donating Appreciated Assets

You need to itemize deductions on your tax return to optimize charitable donation tax deductions. Donating appreciated assets will help you also avoid capital gains tax. You need to ensure charities are IRS-recognized, and you need to keep detailed records of your donations.

Timing

The timing of your giving can meet a variety of objectives. For some, seeing the results of their giving in their lifetime is incredibly gratifying. For others, growing the size of that gift to be given toward the end of life is preferred.

Vehicle Through Which the Gift is Given

There are a variety of ways to give to charity, including some that can result in positive benefits to your family members well beyond your lifetime.

Timing

The timing of your giving can meet a variety of objectives. For some, seeing the results of their giving in their lifetime is incredibly gratifying. For others, growing the size of that gift to be given toward the end of life is preferred.

Vehicle Through Which the Gift is Given

There are a variety of ways to give to charity, including some that can result in positive benefits to your family members well beyond your lifetime.

Learn how we can help with your charity-giving plan!
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