Charitable giving usually involves cash because it’s the simplest approach; however, it could be an inefficient means of giving from a tax perspective. The best approach starts with talking with your tax and financial advisor team about what will work best for you.
There are multiple options for giving assets, including gifts of appreciated securities, qualified distributions from your IRA, and charitable trusts. Knowing about your charitable giving vehicle options could help you give even more tax efficiently.
The two most popular charitable giving vehicles are donor-advised funds (DAFs) and private foundations.