+ TAX BENEFITS >>

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.

Can I contribute complex assets, such as privately held securities, real estate, and life insurance policies?

Yes. We have extensive experience in accepting complex and hard-to-value assets. Please contact us early in your planning process. Our experience in accepting complex assets is among the longest in the industry. Partnering with the leading organization in the country in processing gifts of complex assets, we will work with you and your trusted advisors to coordinate asset transfers and gift acceptance.

How are capital gains treated for gifts of appreciated securities?

Since iGiftFund is a public charity, you pay no capital gains tax on the securities that you contribute to your donor advised fund. We typically pay no capital gains tax when we sell gifted securities.

Can the income accrued in my donor advised fund be deducted as an additional charitable donation?

No.

Why the net amount in my donor advised fund account is different from the amount of my charitable deduction?

This difference is typically due to interim market fluctuations and liquidation costs. Consult your tax advisor to determine your charitable tax deduction.

What does it mean to “advise”?

Tax laws for donor advised funds require that you relinquish ownership and control over contributed assets. However, as a donor advisor, you retain the privilege to advise iGiftFund on: how your fund is named, how the funds are invested, how the funds are granted, and how your fund will carry on after your death. “Advising,” in contrast to “directing,” is the key to your receiving superior tax benefits.

What does it mean to “advise”?

Tax laws for donor advised funds require that you relinquish ownership and control over contributed assets. However, as a donor advisor, you retain the privilege to advise iGiftFund on: how your fund is named, how the funds are invested, how the funds are granted, and how your fund will carry on after your death. “Advising,” in [...]

2020-04-19T14:00:17+00:00April 19th, 2020|

Can I contribute complex assets, such as privately held securities, real estate, and life insurance policies?

Yes. We have extensive experience in accepting complex and hard-to-value assets. Please contact us early in your planning process. Our experience in accepting complex assets is among the longest in the industry. Partnering with the leading organization in the country in processing gifts of complex assets, we will work with you and your trusted advisors to [...]

2020-04-19T13:58:56+00:00April 19th, 2020|

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 [...]

2020-04-19T13:58:30+00:00April 19th, 2020|
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