Donor Advised Funds, Stocks, Qualified Charitable Distributions

A donor-advised fund, or DAF, is like a charitable investment account to support charitable organizations you care about, such as Lake-Geauga Habitat. Setting up a DAF involves contributing cash, securities, or other assets to a donor-advised fund at a public charity, for which you are generally eligible to take an immediate tax deduction. Then, those funds can be invested for tax-free growth, and you can recommend grants to any qualified IRS-qualified public charity.

 

You want your charitable donations to be as effective as possible when you give. Donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give.

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Gifting Stocks, Bonds, or Mutual Funds is simple and easy. When you donate stock to charity, you’ll generally take a tax deduction for the full fair market value. And because you are donating stock, your contribution and tax deduction may instantly increase. Donating may help you diversify your portfolio and avoid capital gains tax. 

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Qualified Charitable Distribution is a tax-smart and reliable way to give. If you’re 70 ½ or older, a qualified charitable distribution from your IRA directly to a charitable organization allows you to avoid claiming income from an IRA distribution.

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Talk to your financial advisor and then give to Lake-Geauga Habitat for Humanity!