It’s the season of giving. And donating to charity is invariably on many investors’ to-do lists this time of year. It’s rewarding to help the people, communities, and causes that matter to us.
But giving can have tax benefits, too.
“Charitable strategies involving investments have the potential to deliver greater tax benefits than making plain-vanilla cash contributions,” says Morningstar director of personal finance Christine Benz.
There are many tax-savvy ways to give, including taking advantage of qualified charitable distributions, donating appreciated stock, and investing in donor-advised funds.
Here’s a roundup of some of Morningstar’s recent charitable giving content to get you started.
Tax- and retirement-planning expert Ed Slott delves into qualified charitable distributions and donating appreciated stock.
Consider IRA donations, gifting appreciated stock, and bunching your charitable donations before filing your taxes.
Michael Kitces explains how to roll over a Legacy IRA to a charitable gift annuity.
Comparing Popular Donor-Advised Funds
Donors benefit from an immediate tax deduction, tax-free growth, and investment flexibility.
Examining the administrative fees and underlying investment options for the biggest donor-advised fund in the U.S.
We unpack the fees and investment choices of America’s second-largest donor-advised fund.
It’s arguably the best donor-advised fund affiliated with an asset-management firm for donors who plan to maintain higher account balances.
DAFs can be useful to support both charitable giving and clients’ values.
How to Build a Charitable Giving Strategy into Your Financial Plan
Author Mike Piper shares his thoughts on barriers to giving when you have enough.
Charitable giving can cut across all aspects of financial planning. Here’s how advisors can support clients’ giving goals.
This type of charitable contribution carries a high impact.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.