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