Looking for Guidance on Charitable Giving?

Here are some tips to consider as we wrap up the fiscal year…

The holiday season is nearly upon us, and you may have questions about charitable giving strategies and how to maximize your donations. Our advisors at Loft want to provide some guidance to help you make giving back both meaningful and tax-savvy.

holiday decorations

Here are three tips we recommend to help you get the most from your charitable giving:

1. Set Up a Donor-Advised Fund

A donor-advised fund allows you to receive tax deductions immediately while maintaining control over distributions to charities in the future. It's a flexible, tax-smart option.

2. Donate Appreciated Assets

Gifting assets like stocks or property that have appreciated in value can provide even bigger tax benefits. You get a deduction for the full value while avoiding capital gains taxes.

3. Plan Your Giving for Peak Tax Benefits

Bunching donations into certain years or distributing them can make a big difference tax-wise. We can help you optimize the timing of major gifts.

4. Talk With Your Advisor

Charitable giving can be extremely rewarding. Whether you want to maximize deductions, leave a legacy, or simply give back, we're here to provide guidance tailored to your unique situation. 

If you need any help putting together a charitable giving strategy, contact us today and let us know. We can help ensure your gifts have the greatest possible meaning and impact.

Wishing you a wonderful holiday season!

-Your Loft Team

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