Top 5 Reasons to Use a Giving Fund
Time Your Tax Deductions
Need a tax deduction this year? Sitting on unrecognized appreciation of your securities? Just contribute cash or publicly traded securities (like stocks) into your Giving Fund. There's no hurry to recommend a grant to a charity this year. You may be eligible for a tax deduction right away and you can decide later the charity or cause you want to support.
Grow Your Giving Tax Free
While you're deciding on a charity, use your Giving Fund to grow your contribution into a more substantial gift down the road. All growth is tax free. Choose an investment approach and use our tools to create a giving plan that works harder for the causes you support.
Minimize Capital Gains Tax
If there's an upturn in the market, you can use your Giving Fund to save on taxes and give even more to the charities you love. When you contribute long-term capital gains property (like appreciated stocks) to your Giving Fund, there will be no capital gains taxes triggered and the full fair market value of the securities will be available for giving.
Give to Charities Without All the Paperwork
When you're ready, you can easily recommend a grant from your Giving Fund. Choose a favorite charity or search for a new cause. There's no paperwork to worry about. We review the charity, take care of all the details and even mail the check.
Single Year-End Statement
No sorting and organizing receipts. Come tax time, you get a single year-end statement, combining all your contributions. You can review online and print it.
Contributions to the Giving Fund are irrevocable. All recommendations from donors and donor-advisors are subject to review and approval by TIAA Charitable.
TIAA Charitable does not provide legal or tax advice. Before establishing a Giving Fund, taxpayers should seek advice based on their own particular circumstances from an independent legal or tax advisor.