+ TAX BENEFITS >>
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.
This difference is typically due to interim market fluctuations and liquidation costs. Consult your tax advisor to determine your charitable tax deduction.
No.
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.
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.
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.