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Give Smart – 4 Ways to Give Smart at Year-End

Several giving strategies remain particularly effective as they make year-end gifts. Qualified charitable distributions, contributions of appreciated stock, bequests, and a bunching strategy are all good tools for year-ending giving. 

Several giving strategies remain particularly effective as they make year-end gifts. Qualified charitable distributions, contributions of appreciated stock, bequests, and a bunching strategy are all good tools for year-ending giving. 

1. While the Consolidated Appropriations Act of 2021 extended certain tax breaks, it did not extend the waiver of required minimum distributions (RMDs) from retirement accounts. So, if you are taking the standard deduction, a qualified charitable distribution (QCD) is an attractive option. Individuals over age 70½ can donate up to $100,000 from their IRA. This satisfies the RMD requirement, but the gift must go directly to a charity, not a DAF or private foundation. Learn More
2. By contributing appreciated stock, you will receive a charitable income tax deduction, subject to AGI limitations, while permanently avoiding embedded capital gains that may otherwise trigger costly tax liabilities in the future. Learn More
3. The end of the year is a great time to evaluate your overall charitable goals and consider what organizations fit into your legacy planning. Be sure to review your legacy plans with your advisor every few years.
4. Bunching multiple gifts into a single year can increase the tax benefit of your charitable contributions by creating a donor advised fund (DAF) or adding to your existing DAF. 
Learn More

Talk to your professional advisor to find out how you can support the nonprofit organizations you care about while minimizing your tax implications.



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