Ways to Use

From Giving to Philanthropy

A passion for giving can often grow into a way of life. What started as a lemonade stand raising money for the local library evolves into something much bigger. It’s time to get more strategic with your generosity. That’s how a Giving Fund can help.

Getting Organized

A life of giving can get busy, especially when you’re supporting multiple charities and causes. You end up spending more time doing paperwork and less time focusing on what really matters — the causes and charities in which you believe.

Your Giving Fund simplifies everything. It’s a bit like having a personal giving assistant. It helps you get organized and takes care of all the paperwork. It even sends out the checks to the charities you support and sends you confirmations of your grants made. Each time you want to contribute to your Giving Fund, you'll receive a tax receipt and at the end of the year, all your contributions are consolidated into a single handy statement- ready for tax time. On top of it all, you can keep track of everything online.

See key features

Getting Savvy About Taxes

Whether it’s timing your contributions to maximize your eligibility for deductions or contributing the most tax advantageous assets to charity, your Giving Fund can help you get smarter with your taxes in ways that can benefit both you and, ultimately, the causes you support.

For example, if you contribute appreciated securities to your Giving Fund, you may avoid capital gains taxes and maximize the assets available to support charities. Think about how this approach could work for you. If there is an upturn in the market, instead of contributing from your checking account, use your highly-appreciated securities. See where this is going? By potentially reducing capital gains taxes you would otherwise owe, you have more giving power to support the charities in which you believe.

 

See more tax benefits

Make a Bigger Impact

Use a Giving Fund to potentially grow your contributions into a more substantial gift. When you contribute to your Giving Fund, the funds are not just sitting idle. They are strategically invested with your advice. Our powerful tools help you make a plan, set target goals and recommend an investment strategy that works best for you.

 

See our tools

Effective philanthropy requires a lot of time and creativity - the same kind of focus and skills that building a business requires.

— Bill Gates


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.

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 of America and is used by TIAA Charitable pursuant to a license.