"Charitable Giving Account": Do I Need One?
Making a Difference: The Power of a Charitable Giving Account Giving to charity is a great way to make a positive difference and leave a "lasting legacy". What is a "Charitable Giving Account"? A "Charitable Giving Account" is an account established as part of a donor-advised fund, or DAF. It is an irrevocable, tax-deductible contribution to a qualified charitable organization. You want your charitable donations to be as effective as possible when you give. Donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity. A Charitable Giving Account is an easy and convenient way to make regular donations to your favorite qualified charitable organization. You can make regular donations from your investment income or retirement savings without having to write a check, Venmo or Pay Pal, or setting up an online transfer. You can d...