A donor-advised fund (DAF) is a third-party entity established to manage charitable donations from individuals, families, and organizations. One significant disadvantage of a DAF is that it retains more control over the funds than the donor. While donors can offer recommendations on how the funds should be used, the final decision rests with the DAF. #TuesdayTips #TipsbySandi #NonprofitLife #NonprofitAccounting #OutsourcedAccounting #NonprofitBookkeeping #NonprofitTips
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A donor-advised fund (DAF) is a third-party entity established to manage charitable donations from individuals, families, and organizations. One significant disadvantage of a DAF is that it retains more control over the funds than the donor. While donors can offer recommendations on how the funds should be used, the final decision rests with the DAF. #TuesdayTips #TipsbySandi #NonprofitLife #NonprofitAccounting #OutsourcedAccounting #NonprofitBookkeeping #NonprofitTips
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Are you familiar with the different kind of trusts? A charitable remainder trust is designed to benefit a non-profit beneficiary. Funding this trust with appreciated assets enables donors to sell the assets without incurring capital gains tax. CRTs are irrevocable and cannot be modified or terminated without the beneficiary's permission. Learn More: https://hubs.la/Q02wNmsY0 #EstatePlanning #MaitlandFinancialGroup #FairyROTHMother
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Are you looking for a tax-efficient way to give back this season? A Qualified Charitable Distribution (#QCD) lets you donate directly from your IRA to a qualified charity—tax-free. Ready to explore more charitable giving and tax-efficient strategies? Contact NJM Wealth Preservation Strategies today at njmnwa.com. #qcds #qualifiedcharitabledistribution #charitablegiving #taxstrategy #taxplanning #taxefficiency #ira #taxsavvy
4 Things You Need to Know About QCDs
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It’s important to get sound advice when planning your year-end charitable contributions.
Your charitable contributions are vital for nonprofits to fund their operations and achieve their missions. Work with a team of experienced professionals to help ensure your donations are tax deductible and meet IRS requirements while making a difference for the charities important to you. https://hubs.ly/Q02_Q_Tp0 #IRS #taxdeductions #substantiationrequirements #charitablegiving
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Different Types of Funding for Charitable Organizations Explained Discover the various types of funding available for charitable organizations and how they can meet the IRS requirements. Learn about rents to non-profits and profit-related investments. Stay informed and maximize your organization's impact! #CharitableFunding #IRSRequirements #NonprofitSector #RentsToNonprofits #ProfitRelatedInvestments #MaximizeImpact #FundingOpportunities #CharitableProjects #NonprofitFinance #GrantFunding
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Thinking about donating corporate stock to charity? While public stocks are easy to value, private business interests can be more complex. Properly determining the fair market value (FMV) of closely held business shares is crucial for charitable contribution deductions. A formal valuation ensures your donation is accurately assessed and compliant. Learn more: https://lnkd.in/eYmPFXwA #CharitableGiving #PrivateStockDonations #TaxBenefits #IRSNotice #Fiske #TaxResponsibility #TaxTips #FinancialAwareness #TaxUpdates
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Donor-advised funds (DAFs) are a flexible fast track to charitable giving. In this article, I discuss when using a DAF may be the best way to donate to charities. https://ow.ly/AqPh50TQRZE
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Donor-advised funds (DAFs) are a flexible fast track to charitable giving. In this article, I discuss when using a DAF may be the best way to donate to charities. https://ow.ly/n2Xz50TQRXX
7 Reasons To Give Via Donor-Advised Funds Instead Of Credit Card, Check, Or Stock
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Maximize Your Charitable Contributions Post: Charitable donations remain a great way to reduce your tax burden. Discover changes in 2024 that could make your contributions even more valuable. https://lnkd.in/ecmbvSqi #CharityDeductions #TaxCredits #josestaxservice #NewHaven #convenienttaxservice #taxtips
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Proper documentation is crucial when making charitable donations. The IRS requires a written acknowledgment from the charity for any donation over $250. Make sure to keep receipts and records of your contributions. https://bit.ly/4cSlDuw #AlpharettaCPA #GeorgiaCPA #OutsourcedAccounting #FullServiceAccountant #MarketingAccountant #ArchitectAccountant #RealEstateAccountant #businessadvice
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