Have you ever wanted to make a significant impact through charitable giving? A donor advised fund might be the perfect solution for you.
The benefits of a donor advised fund are substantial. As a donor, you’ll have the opportunity to advise in four key areas: how the money is invested, which charities will receive grants, how much will be given to each charity, and who will make these decisions in the future if one of your charity selections were to cease operations.
A donor advised fund makes grants to charitable organizations of your choice on your behalf without the hassle of timing, tax concerns, and record-keeping. You decide how much to donate now, and for the rest of your life. Also, if you choose to make the fund a beneficiary of your estate, contributions will be made to your charities of choice for years to come AFTER your death, creating a lasting legacy.
With a donor advised fund, you get an immediate tax deduction for your full donation, avoid capital gains tax on appreciated securities, and remove assets from your estate reducing estate taxes, all while seeking to increase the value of your original gift through prudent investing. It’s like creating your own private foundation, without the associated costs and complexities.
This is all made possible through our affiliation with Raymond James. As a tax-qualified public charity, Raymond James Charitable enables you to recommend grants to over 1 million U.S. charities that qualify as 501(c)(3) organizations. Whether it’s religious organizations, hospitals, shelters, museums, schools, or community centers, your contributions can support the causes that matter most to you.
Starting a new account is simple, with a minimum initial contribution of $10,000 in cash or marketable securities. Additional contributions can be made with as little as $500, and grants to charities can start at just $100.
Ready to make a difference? Contact us today to learn more about donor advised funds and be sure to visit our website to see how we can help you, secure your legacy across generations.
Donors are urged to consult their attorneys, accountants or tax advisors with respect to questions relating to the deductibility of various types of contributions to a Donor-Advised Fund for federal and state tax purposes. To learn more about the potential risks and benefits of Donor Advised Funds, please contact us. Raymond James and its advisors do not provide tax or legal services. Please discuss these matters with the appropriate professional.
Raymond James Trust N.A. currently serves as the service provider for Raymond James Charitable, a public charity. Raymond James Trust, N.A., is a subsidiary of Raymond James Financial, Inc. Raymond James & Associates, Inc., and Raymond James Financial Services, Inc., are affiliated with Raymond James Trust. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.