Give More To Charity and Save More In Taxes

/ December 9, 2004

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.
Here are some advantages to having this type of fund- taken from their web site:

  • 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.

    Remember to be cautious before you give to charity.

    Latest posts by JewCentral (see all)

    • Related posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *