3 End-of-Year Questions for Christy Eckoff
Chief Foundation Officer, Managing Director, Atlanta Jewish Foundation
Q: How does having a donor-advised fund at Atlanta Jewish Foundation help me manage my year-end giving?
A: Donor-advised funds are our most popular and flexible option for charitable giving. You can lock in an immediate tax deduction by contributing highly appreciated assets or cash to a donor-advised fund.
You can distribute those funds to your chosen charity or charities over time. These funds are invested and grow tax-free. You may even have your own investment manager invest the assets.
You will also have access to Atlanta Jewish Foundation’s family philanthropy services and our deep knowledge of the community and nonprofits that are making a difference.
You may give grants locally, nationally or internationally to any nonprofit that is a registered 501(c)(3) organization, religious organization or educational institution. And, you may give anonymously!
Q: I hear that giving appreciated stock is a good idea – is that true?
A: Appreciated stock donations offer many benefits. Stocks and other assets are performing well and offer greater charitable impact than they may in the future. Clients should consider donating now and not waiting until December in case values decrease. Most appreciated stock is deductible at its fair market value and avoids any payment of capital gains.
Q: What is this “bunching” thing I keep hearing about? A: With the changes in the tax laws, you may want to consider “bunching” your charitable deductions into a donor-advised fund (DAF). The strategy is to pay two or more years-worth of charitable deductions into your DAF by the end of this year so that you can itemize them on your current returns. Then next year, or subsequent years, you take the standard deduction.
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