Tax Reform and Opportunities For Year-End Giving

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.



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Edited by: Michael Saunders

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