Ways to Use

Share a Good Year

Let’s say you’ve had a good year. Maybe you’ve made a bundle in the market, earned a bonus or received an inheritance. Your Giving Fund can help you reduce the amount you would owe in taxes while you share some of your extra earnings with the charities you love.

Getting Bigger Tax Breaks

Since a windfall might put you into a higher tax bracket, you might want to consider a larger-than-usual contribution to your Giving Fund. When your tax rate is higher, the tax deductions might be worth more.  

Learn more about tax benefits

Upturn in the Market

If there’s a sudden upturn in the market, you might want to contribute the gains in your portfolio to your Giving Fund. When you contribute appreciated securities to your Giving Fund, you may eliminate capital gains taxes. Money saved means more money made for the charities you support.

Spread the Love

Whom do you want to benefit from your success? No need to recommend a grant right away. You can contribute to your Giving Fund and decide later on other charities to recommend that your Giving Fund support. Your contribution may be eligible for a tax deduction for the current year. While you're mulling over which cause to support, your contribution has the potential to grow, which means more giving power.

 

See how a giving fund compares to a private foundation

One must know not just how to accept a gift, but with what grace to share it.

— Maya Angelou


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.

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