Good Financial Reads: How to Improve Your Charitable Giving for Taxes

2 min read
April 14, 2023

Donor-Advised Funds: Should I Open One?

by Alvin Carlos, District Capital Management

Donor-advised funds are an increasingly popular way to give to charity. They are one of the easiest and most tax-efficient ways to support charitable causes. You can give to all of your favorite charities with just one donation. If you are interested in donating to charity, then opening a donor-advised fund may be right for you. 

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Charitable Giving, Tax-Efficient Edition

by Katherine Fox, Sunnybranch Wealth

Most of us give cash to the non-profits about which we are passionate. Fundraising appeals received from non-profits emphasize cash because it’s the easiest, most accessible, way to donate. There’s nothing wrong with giving cash. It makes sense for those who don’t have a larger investment portfolio or incomes high enough to create tax headaches. 

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Donor-Advised Funds: 6 Reasons Why I Like Having One

by Dan Andrews, Financial Planning Fort Collins

As a financial planner, I try to practice what I preach. Touting the benefits of charitable giving and the tools available to facilitate donations is part of my mission when guiding clients. One charitable giving tool that is becoming more and more popular is a donor-advised fund (DAF). I have one, and I’d like to tell you why you should consider having one, too.  

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Donating Appreciated Stock: How to Save on Taxes and Help Those in Need

by Robert Stoll, Financial Design Studio

Americans give more than $450 billion a year to charity, with the vast majority made up of individual donations. When people think of giving a donation, they usually think about giving in cash, checks, or credit cards. But as stock ownership has increased in the United States – particularly for corporate executives who receive restricted stock options as part of their compensation – the opportunity to donate stock has also increased.

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Beyond the Basics: End-of-Year Charitable Giving

by Dan Andrews, Financial Planning Fort Collins

A jolly mood encompasses society in December. The gift-giving culture becomes top of mind for families, friends, and colleagues. You’ll also hear a familiar ringing when around town: the bells of Salvation Army volunteers next to their red cauldrons. Instead of giving your loose change as your way to make an impact, consider how you can strategize your philanthropic efforts before year-end. Your tax plan may also thank you.

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