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.