3 ways to take advantage of year-end charitable giving – Catholic Philly

Sarah Hanley

As a donor, particularly one involved with Catholic giving, the Introduction season is usually a time once you choose to share your blessings with these in want. Should you’re contemplating year-end charitable giving to help a nonprofit you care about, listed here are a number of suggestions that can assist you get began:

Contemplate opening a Donor-Suggested Fund (DAF) — A DAF is your private charitable giving account. DAFs enable you the liberty to determine the place and the way usually you need to give. After opening a Donor-Suggested Fund, you can also make distributions out of your fund to the ministries you want to help. At CFGP, we provide Donor-Suggested Funds as a giving automobile to donors, and we handle all of the funding, administrative, audit and distribution work of the account. DAFs are an important possibility for individuals who need the pliability to provide to varied causes.

Give long-term appreciated securities, fairly than money — In keeping with an article posted by Constancy Investments in November of this yr, contributing shares, bonds, or mutual funds which have appreciated over time has turn out to be more and more widespread in recent times, and for good motive. Per Constancy’s article, most publicly traded securities could also be donated to a public charity, and when the donation is made, the donor can declare the honest market worth as an itemized deduction on their federal earnings tax return. The quantity deducted will be as much as 30% of the donor’s adjusted gross earnings (AGI). Different varieties of securities, akin to restricted or privately traded securities, may be deductible, however further necessities and limitations could apply. No capital features taxes are owed when the securities are donated, not bought.

Make a deliberate present — Many individuals are intimidated by the time period “deliberate giving,” however the actuality is, it’s one of many best types of charitable giving you possibly can take part in! Deliberate giving is a wonderful solution to guarantee your sustained help of the Catholic causes that imply probably the most to you. A deliberate present prices you nothing throughout your lifetime and can keep it up the custom of philanthropy you’re establishing proper now.

With deliberate giving, you possibly can:

* Title a nonprofit of your alternative in your will;

* Designate and donate shares and funding accounts (as talked about above);

* Make a big present with retirement plan belongings akin to IRAs, 401(Ok)s and 403(B)s with out opposed results to your lifetime funds.

CFGP can assist you get began together with your Catholic planned giving at any time. Please contact Jody Romano, Chief Development Officer, at jromano@thecfgp.org for extra data.

Whereas charitable giving can at instances appear sophisticated, relaxation assured, it’s not! There are a lot of choices obtainable to you and all are a lot simpler than they could seem. If in case you have any questions, please attain out to our crew at CFGP and we’re pleased to assist! Go to www.TheCFGP.org or name 215-587-5650 for extra data.

Catholic charitable giving at its core is the act of bringing us nearer to Christ. By serving to these in want and sharing our presents with each other, we live our lives the way in which Jesus meant us to. Let this core worth be your information when planning your philanthropy.


Sarah Hanley is the president and CEO of the Catholic Basis of Better Philadelphia. To be taught extra, go to TheCFGP.org or name 215-587-5650.

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