Charitable Tax Deductions & Benefits
Your Giving Fund can help you be more strategic about taxes. Not only can it make things a lot easier come tax season, but you may be eligible for charitable tax deductions and benefits that can help both you and, ultimately, the charities your Giving Fund supports.
Time Your Tax Deductions
Qualify for More Favorable Tax Benefits
Minimize Capital Gains Taxes
Grow Tax Free
When you open a Giving Fund, you get to recommend an investment strategy to potentially grow the value of your contributions. Since this growth is tax free, you can give even more to the charities you support.
View Contributions at a Glance
Higher Deduction Limits
When you contribute cash or publicly traded securities (like stocks) to your Giving Fund instead of a private foundation, you are eligible for higher deduction limits, based on your adjusted gross income.
Charitable deductions are subject to Internal Revenue Code limitations, based generally on your adjusted gross income and the character of any securities you contribute to your Giving Fund. There may also be state and local tax benefits to making contributions, but the content provided here relates to taxation at the federal level only. Availability of certain federal income tax deductions may depend on whether you itemize deductions. Charitable contributions of capital gain property held for more than one year are usually deductible at fair market value. Deductions for capital gain property held for one year or less are usually limited to cost basis.
*TIAA Charitable accepts certain complex assets, which may include real estate, C-corp stock, LLC and limited partnership interests, life insurance policies, patents, royalties, and copyrights. Contributions are subject to review by TIAA Charitable. Please contact us to discuss your specific situation.
Contributions to the Giving Fund are irrevocable. All recommendations from donors are subject to review and approval by TIAA Charitable.
TIAA Charitable does not provide tax advice. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
TIAA Charitable is the brand name for an independent public charity that maintains a donor-advised fund program. The TIAA name is a registered mark of Teachers Insurance and Annuity Association of America and is used by TIAA Charitable pursuant to a license.
TIAA Charitable, Inc. has been recognized by the Internal Revenue Service as a tax-exempt public charity under Sections 501(c)(3) and 170(b)(1)(A)(vi) of the Internal Revenue Code of 1986, as amended (the “Code”).