It cannot be used for a donor-advised fund. If you are 70 ½ years old, you may qualify for a Qualified Charitable Rollover of up to $100,000 from a traditional IRA account. The rollover can [...]
Yes, but typically the transfer will trigger a taxable event. Consult your tax advisor first.
You must file Form 8283 if the amount of your deduction for all noncash gifts is more than $5,000 (except certain publicly traded securities). Blank forms and instructions can be obtained from the IRS website [...]
Yes. You will receive a written confirmation of your contribution(s). This confirmation serves as a receipt for your taxes. It will also be available in your DonorView portal.
We work with you and your recommended investment advisor to invest the proceeds according to your recommendations. If you don’t recommend a financial advisor, you’ll be given a choice of no-load mutual fund options. Alternatively, [...]
This difference is typically due to interim market fluctuations and liquidation costs. Consult your tax advisor to determine your charitable tax deduction.
Since iGiftFund is a public charity, we do not pay a capital gains tax when we sell gifted securities. Therefore, you pay no capital gains tax on securities that you contribute to your donor-advised fund.
You can recommend grants online when logged in to your account in the DonorView portal, or you may download a grant recommendation form, which you can complete and then email, mail, or fax to iGiftFund.
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 [...]