As we enter the last month of 2021—a time of year that for many is synonymous with giving—how are Americans planning to support their favorite causes and take advantage of possible charitable tax benefits? To find out, Fidelity Charitable conducted a study among more than 1,500 respondents, including a general population of Americans and a deeper dive among investors giving $1,000 or more each year. Check out the key findings, including:
- Sixty percent say they will finish their holiday shopping before their charitable giving this year. Year-end giving is a deeply held tradition, but most Americans delay taking action amid the holiday bustle.
- With a continued increased interest in giving and amid supply chain challenges, nearly six in ten Americans say they would rather receive a donation to charity on their behalf instead of a gift for themselves this year.
- Investors remain committed to charitable giving, and many expect to owe more in taxes in due to significant financial events in 2021—yet many are not taking advantage of strategic giving methods that could maximize their tax benefits. For example, fewer than one in five charitable investors have donated appreciated securities to charity.
For more of the findings and nine tips to maximize charitable tax benefits at year-end, read the detailed results.