There are many ways to give to charity. The chart below can help you decide which one is right for you. For more specific advice on how to meet your personal charitable giving goals, talk to your advisor.
Donor-advised funds |
Private foundations |
Charitable Lead & Remainder trusts |
Check / Cash / Credit |
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Organizations you can support |
IRS-qualified public charities |
Many organizations and individuals, as long as the grant is made for a charitable purpose |
IRS-qualified public charities and, generally, private foundations |
Public charities |
Growth potential |
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Donations of non-cash items |
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Free online setup |
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* |
Income tax deduction* |
60% for cash |
30% for cash |
Depends on the type of charity supported by the trust and the type of trust |
60% to qualifying charities* |
Tax on investment income |
None |
1.39% of net investment income |
Depends on the nature of the trust |
N/A |
Option to support charities anonymously |
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Ability to name successors |
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Consider this when |
You want a turnkey giving solution with low costs and the potential to grow tax-free over time. |
You want to operate a charitable organization and potentially employ a staff, hire investment managers, actively manage grant-making, and sponsor charitable events. |
You want a trust that can generate income for, and eventually pass on a remainder interest to, heirs and charities. |
You want to make one-off donations and manage your own donation receipts at tax time. |
Ready to get started?
Opening a Giving Account is fast and easy, and there is no minimum initial contribution.
Or call us at 1-800-262-6039