Charitable Giving in a Time of Need

In today’s world, the need for charitable support has never been greater. From natural disasters such as the recent devastation from Hurricane Helene, to global conflicts, like the ongoing situation in Israel, the calls for help are urgent.

If you’re looking to maximize the impact of your charitable contributions, a Donor Advised Fund (DAF) might be the perfect vehicle for you. A DAF allows you to contribute assets like cash or appreciated stock into an account, where you receive an immediate tax deduction. You can then direct the funds to the charities of your choice over time, creating a flexible and organized approach to giving.

Using a DAF can offer several strategic advantages:

Organized Giving: You can make one large donation to your DAF, track that single donation, and then distribute funds over time, eliminating the need to manage multiple smaller contributions.

Save on Capital Gains: Donating appreciated stock or assets allows you to avoid capital gains taxes while still supporting the causes you care about.

Bunching Donations: By bunching multiple years of donations into a single tax year, you may be able to itemize your taxes when you otherwise may not have, potentially saving thousands in the process.

In times of crisis, like during Hurricane Helene relief efforts, combining these strategies can significantly increase the power of your donations. For more insights or to discuss your charitable initiatives, don’t hesitate to reach out to us! Together, we can make a meaningful difference.

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Advisory services offered through National Wealth Management Group, LLC, a Registered Investment Adviser. This information is intended for educational purposes and is not intended as a recommendation to buy or sell securities. Investing involves risk. Before investing, you should consult with a financial advisor to determine how a specific investment strategy fits your personal goals and objectives.