Who doesn’t like the idea of reducing taxes and also having MORE to give?
That’s exactly why so many generous people are turning to donor-advised funds to support their giving.
A donor-advised fund is like a charitable investment account for the sole purpose of supporting charitable organizations you care about.
When you contribute cash, securities or other assets to a donor-advised fund sponsoring organization like Fidelity Charitable, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, while allowing you to support charities on your timetable.