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What tax benefits do I receive from a Donor Advised Fund?

Because of iGiftFund’s public charity status, your contributions qualify for the highest tax benefits available:

  • You receive an immediate and maximum income tax deduction.
  • You avoid capital gains tax.
  • Your fund is not subject to estate taxes.
  • Assets in your fund can grow tax free.
  • If you are subject to the alternative minimum tax (AMT), your contribution may reduce your AMT tax liability.
  • Under the “CARES Act” of 2020, donors can receive increased tax benefits for cash contributions up to 100% of AGI for contributions to funds sponsored by iGiftFund other than a donor advised fund.  This deduction can be enhanced by a Roth IRA conversion.