Donor-advised funds (DAFs) allow people to set aside money for charity while getting a tax break upfront, and they are reshaping how donors plan their philanthropy. Many people find that the tool can increase their charitable impact while simplifying their giving process
• Planned giving provides an opportunity to leave a major gift that may not have been possible in a donor’s lifetime due to financial commitments.
• Charitable gifts are often exempt from estate tax, allowing more of the gift to go directly to the organization.
• Donors can avoid capital gains taxes when they transfer assets as part of a planned gift, maximizing the charitable contribution. Perhaps the biggest benefit is that planned giving preserves a donor’s legacy.
Montour Trail Council is a 501(c)(3) nonprofit organization so donations are tax-deductible to the full extent allowable by law.
Now is a great time to to participate in Montour Trail Council’s mission.
Click here to donate, and choose DAF as your form of payment.
While writing checks is still valuable for certain donations, setting up a donor-advised fund lets you take your time researching charities that are worthy of your consideration. If you are interested in opening a DAF, consult your financial planner. MTC’s EIN number is 25-1634718.