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The Complete Guide to Charitable Giving: For Everyday People, the Wealthy, and Those Just Looking to Save on Taxes
yuedaowei
6 hours ago
For everyday people:
Donor-Advised Fund | How can ordinary families use charitable giving for tax optimization? | Charitable tax deductions | Itemized deduction | Charitable bunching
For the wealthy:
Private Foundation | How much is worth setting one up | Private Operating Foundation
But even with the optimizations above, charitable giving is ultimately a net loss if you don't genuinely want to do charity—because what you donate always exceeds the tax you can deduct. Still, there's one method suited for those who simply want to sell stocks and save on taxes:
CRT Charitable Remainder Trust | Sell stocks to save on taxes | Charitable Remainder Trust | CRUT
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2.0K
The administrative costs of DAFs and private foundations are actually quite different. Opening a DAF account might involve a few hundred dollars in management fees, but a private foundation has to deal with annual tax filings, audits, board meetings, and a whole lot more. Unless the assets are in the tens of millions, the maintenance costs can eat into the tax advantages—and the article doesn't seem to have carefully accounted for this.