Bundling Gifts

“Bundling” gifts refers to the idea of making two or more years’ worth of charitable contributions in a single year. This can push some taxpayers over the itemizing threshold, allowing them to reap the benefits of deducting the full value of their donations. Bundling gifts is especially beneficial when paired with a charitable giving fund. For instance, with a donor advised fund, you can receive your full deduction now, then take the time you need to decide where and when to send your grants. Plus, your fund contribution can be invested in the meantime, allowing you to give back even more over time.

Required Minimum Distribution (RMD)

Are you 70 1/2 or older and not using your Required Minimum Distribution (RMD) for your living expenses? You can reduce your taxable income by using your RMD to make an IRA Qualified Charitable Distribution (QCD) to an eligible charity like the GiveWell Community Foundation. Use your RMD to establish a Designated or Field of Interest Fund and turn your distributions into grants towards your favorite nonprofits or causes.

Year-End Giving Timelines

Don’t forget to make your contributions in time to receive a tax benefit for this calendar year! Checks must be postmarked on or before December 31, credit card donations can be made online at givecf.org/donate by December 31, and gifts of publicly- or privately-traded stock and other non-cash assets can be more complex, so be sure to get in touch with us soon to discuss.

Our staff is ready to help you meet your financial and philanthropic goals! If you have any questions or would like to set up an appointment, call us at 863-683-3131. Let’s talk!