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Year-End Giving Tips

How to be strategic with your year-end giving

The holidays are quickly approaching and as they do, we embark on a season of giving. Tax deductions are important for the donor and nonprofit alike: the nonprofit receives more of the donation since itís not taxed, and the donor reduces his or her taxable income.

Here are five different tips to share with those seeking to ease the year-end giving process and reduce their overall tax burden:

1. Use appreciated securities

A gift of appreciated securities held longer than one year enables the donor to be eligible for an immediate income tax deduction based on the assetís fair market value on the date of the gift. It also enables donors to avoid paying capital gains tax on the appreciation in value of the shares given.

2. Set up a donor-advised fund

Establishing a donor-advised fund allows donors to give a set amount that can be applied to this tax year, yet be structured and distributed to selected nonprofits in the future. Donors can actively participate in the grant making process by recommending grants from their funds to the charitable projects or organizations they want to support.

3. Don't forget about estate planning

If you have not already established one, setting up an estate plan now is one more way to receive tax benefits. Is your will up-to-date? Planning ahead of time allows you to strategically give to charities that matter most to you.

4. IRA Charitable Rollover

IRAs can qualify for tax-free charitable distributions. Community Foundation of Acadiana can help turn your individual retirement accounts (IRAs) into tax-saving charitable gifts. Extended tax benefits allow more people to experience the joy of giving during their lifetimes.

5. South Louisiana Giving Day

Community Foundation of Acadiana is hosting South Louisiana Giving Day on Thursday, May 10, 2018. It is a 24 hour online challenge for nonprofits, churches and schools to raise funds through Make a tax-deductible contribution and help us give as many charitable dollars as possible with an opportunity for our participants to win matching grant dollars.


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