Charitable Giving
A Win-Win for You and Healthy Congregations
Donor-Advised Fund
A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations, like Healthy Congregations. When you contribute cash, securities, or other assets to a donor-advised fund at a public charity 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 virtually any IRS-qualified public charity. For example, place $10,000 in a donor-advised fund this year, receive an immediate tax deduction of $10,000, and schedule how the funds will be distributed yearly.
When you give, you want your charitable donations to be as effective as possible. 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 to charity. Please contact your financial advisor for more information.
Qualified Charitable Distributions
Qualified Charitable Distributions (QCDs) are direct transfers of funds from your IRA custodian, payable to a qualified charity of your choice including Healthy Congregations. In addition to the benefits of giving to charity, QCDs can count toward satisfying your required minimum distributions (RMDs) for the year. A QCD excludes the amounts donated from taxable income, unlike regular withdrawals from an IRA. QCDs do not require that you itemize deductions which allows you to take advantage of the higher standard deduction, while still using a QCD for charitable giving.
Please contact your financial advisor for more information. Thank you for remembering Healthy Congregations in your giving plans.