Simple Gifts Learn the ins and outs of donating cash or property. Deferred Giving Waiting to contribute might lower state and federal estate taxes. Lifetime Giving Look at the benefits of giving throughout your lifetime. Non-Trust Vehicles Consider annuities, foundations, and pooled income funds to help with deductions at tax time. These types of funds make contributing to your favorite charity easy.
Charity can take many forms.
Some people stuff a buck into a Salvation Army kettle, others endow a multimillion-dollar building at their alma mater. No matter what your level of giving, you can be generous and tax-smart at the same time. They don't take it at face value that it's a win-win situation. If you're planning to give to a charity, check out these tax-smart options. Some take a while to establish, so don't wait until December if you want tax benefits this year.