How To Optimize Your Charitable Gifting & Planning

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Senior Wealth Advisor Brian Niksa, CFP® wrote the article, “How to optimize your charitable planning,” for the Daily Herald Business Ledger. The article discusses three main charitable giving strategies.

Key Points

  • Before you make large or recurring donations, it is prudent to evaluate the options for funding them to ensure you make the most of the contribution for both your personal financial situation and the charity.

  • A qualified charitable distribution from your IRA allows you to make a charitable donation using dollars that would otherwise be taxed once distributed from the IRA for other purposes.

  • Donating appreciated investment securities allows a charity to receive the dollar-for-dollar value of the securities, and you can avoid recognizing capital gains.

  • Giving to a Donor Advised Fund provides flexibility to separate the timing of your donation to a charity from the timing of your tax deduction.

Continue reading the full article at the Daily Herald Business Ledger. Learn more with Capstone Financial Advisors.

 
Charitable PlanningJessica NiksaBrian M. Niksa