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

Need a tax deduction this year? Sitting on unrecognized appreciation of your securities? You can contribute cash, publicly traded securities and certain complex assets* to your Giving Fund. There’s no rush in choosing a charity. You can decide later on the charity or cause you want your Giving Fund to support. You may be eligible for a tax deduction right away while you potentially grow your contribution into a more substantial Giving Fund for farther down the road.

Minimize Capital Gains Taxes

Let's say there’s an upturn in the market. When you sell long-term capital gain property (like stocks), you often end up paying capital gains taxes. By contributing directly to your Giving Fund, you may eliminate capital gains taxes, which means you can maximize the assets available to support charities with your Giving Fund.

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.

Need some guidance? Use our planning tools

View Contributions At a Glance

No paperwork or sorting receipts. Come tax time, access your full year's contribution history all in one place. You can review online or print.

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.

Compare the benefits of your Giving Fund vs. a private foundation

 


CASH

Based on Adjusted Gross Income

50%
30%

Giving Fund

Private Foundation

Appreciated Securities

Based on Adjusted Gross Income

30%
20%

Giving Fund

Private Foundation

Getting Started is Simple

Open your Giving Fund today and start making a bigger difference.

Or, call us and talk to one of our specialists.

800-392-4420 Call us at 8 0 0 3 9 2 4 4 2 0

TIAA Charitable does not provide legal or tax advice. Please consult your tax advisor. 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. Before establishing a Giving Fund, taxpayers should seek advice based on their own particular circumstances from an independent legal or tax advisor.

*TIAA Charitable accepts certain complex assets, which may include real estate, artwork, C- and S-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.

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