It’s the end of the calendar year, and you’re starting to think about how to maximize the impact of your philanthropy. You know you can make a cash gift, but what are some other ways to give?   

CJP’s Gift Planning Office offers a few helpful tips for making the most out of your year-end philanthropy.    

Tip #1: Contribute to a Donor Advised Fund  

Donor Advised Funds are a great tool for donors of all ages to manage and optimize their giving.  

When you transfer assets to a Donor Advised Fund, your contribution is invested for tax-free growth and may qualify you for an immediate tax deduction. You can recommend grants from your fund to support charities and causes you care about.  Contribute to a new or existing fund before Friday, December 20 to qualify for a potential tax deduction this year.  

Tip #2: Give a gift with your retirement assets  

If you are 70.5 or older, you can transfer up to $100,000* annually from an IRA to the charity of your choice. This allowance is referred to as a Qualified Charitable Distribution (QCD).   

If you are required to take a Minimum Distribution from your IRA, a QCD will count towards that requirement while reducing your tax burden. But don't forget, funds must be moved from your IRA before December 31 to count for this calendar year.   

*Inflation-adjusted annually 

Tip #3: Donate gifts of appreciated securities  

Did you know that by donating gifts of appreciated securities like stock and mutual funds, you may qualify for a charitable tax deduction while also avoiding tax on capital gains? Remember to give your broker plenty of time to transfer assets so they enter CJP’s account before year-end.   

There is still time to give in 2024 

We hope you’ll consider CJP as a worthy and trusted partner in your efforts. Of course, not every way to give is right for every donor, and CJP does not provide tax, financial or investment advice. Please consult your own trusted qualified advisors to discover the giving tools that are right for you.   

For more information on any of these tips and other ways to make a lasting impact, visit CJP's ways to give website.