For many GTCF donors, 2017 may be the last year to receive income tax savings from charitable gifts. The information below can support you in making decisions about year-end giving.
Immediate actions you can take:
Make a gift to your existing GTCF donor-advised fund. This may include gifts of long-term appreciated property or stock.
Talk with your financial advisor about how the new tax law will impact your charitable giving.
This NY Times article explains how a donor advised fund allows contributors to donate money and take a tax deduction in the same year, then pay the money to selected charities over time:
How to Write Off Donations Under the New Tax Plan: Consider ‘Bunching’
GTCF’s donor services can help you with setting up or adding to an existing fund.