If you can afford to give a large amount of money to charity ($10,000 minimum), The T. Rowe Price Program for Charitable Giving may be an excellent tool.
Participation in the Program is a relatively simple process. When you make a donation to establish your donor-advised fund account, you
Receive an immediate income tax deduction (up to IRS limits) for your contribution of cash or securities in the tax year it’s made.
Avoid capital gains taxes on your contribution of long-term appreciated securities.
Receive an estate tax deduction for your bequest to the Program made upon your death.
Decide when to recommend grants to support your favorite qualified public charities.
Let the money have a chance to grow tax-deferred until it is distributed.
Here are some advantages to having this type of fund- taken from their web site:
Remember to be cautious before you give to charity.
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