Personal Support​

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Examples of charitable tax solutions for individuals to reduce tax burdens:

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Charitable Donations (Cash or Property):

Deductible donations/ tax receipts.

 

Donor-Advised Funds (DAFs):

Allowing donors to contribute assets, receive an immediate tax deduction, and recommend grants over time.

 

Qualified Charitable Distributions (QCDs):

IRA owners aged 70½ or older can donate up to $100,000 directly to charity, avoiding taxable income.

 

Charitable Remainder Trusts (CRTs):

Provides income to donors or beneficiaries, remainder goes to charity, offering tax deductions & deferring capital gains.

 

Charitable Lead Trusts (CLTs):

A charity receives income for a set period, with the remaining assets passing to beneficiaries with reduced estate taxes.

 

Gifting Appreciated Assets (Stocks, Real Estate, etc.):

Avoids capital gains tax and allows for a full fair market value deduction.

 

Bargain Sales to Charity:

Selling property to the WCF at a reduced price, with the difference counted as a charitable contribution.

 

Conservation Easements:

Donating land to a charity resulting in tax deductions.