Your Meaningful Gift, Your Tax Savings
Qualify for a charitable income tax deduction If you itemize your taxes, you can make use of a charitable income tax deduction. The following gifts are among the most common types that provide a deduction: If you have been making use of the high standard deduction instead of itemizing, you may want to consider “bunching”…
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Planning for Change: Estate Reduction through Charitable Giving
Spotlight on Giving The estate tax exemption doubled under the Tax Cuts and Jobs Act (TCJA) of 2017 and now sits at $13.99 million. However, this provision is scheduled to “sunset” at the end of this year. If Congress doesn’t act, the exemption amount will drop into the $7 million range. If your estate is…
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Donating Appreciated Stocks: A Tax-Efficient Giving Strategy
When considering making a charitable gift, cash is often the first option that comes to mind. It’s as simple as writing a check or making a payment directly online. However, if you want to make a significant impact and receive a double tax benefit, consider donating appreciated stocks. This approach not only supports our mission…
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Five tried-and-true gift practices
In every field, from business to education to public policy, there are “best practices”—methods or techniques designed to ensure quality and produce optimal results. Charitable giving is no exception. While some best practices are subjective, there are tried-and-true concepts that all donors should keep in mind when planning a gift. Consider these five practices to…
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To Claim a Deduction, Keep Track of Donations
Tax Day is behind us! What better time to start planning for next year’s taxes? Charitable gifts help others, but they also have important benefits for you. Many gift options offer the opportunity to claim a charitable income tax deduction. To do so, you’ll need the proper gift substantiation to satisfy IRS requirements. Charitable Gift…
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Giving with a Personal Touch
The ritual of spring cleaning goes far deeper than dusting and vacuuming. It often includes taking stock of what we have, rethinking our needs and goals, and giving things away. Whether you are “spring cleaning” your home or your finances, there may be an opportunity to make a personal gift—one that has special meaning for…
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Donor-Advised Funds: An Increasingly Popular Giving Tool
Anyone who wishes to make a charitable impact today has an incredible number of tools at their disposal. However, no giving option is experiencing a surge in popularity equal to the donor-advised fund (DAF). DAFs have increased massively in the past few years, with donations to donor-advised funds more than doubling from 2020 to 2022.…
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Choosing the Right Trust: CRTs vs CLTs
Many donors want to support our work while providing for loved ones or meeting other planning goals. A charitable trust is a powerful giving tool that can provide many benefits for you and for us. The type of trust you choose depends on your personal goals.
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Michael O’Donnell: How my Fellowship in 1966 Shaped a Lifetime of Gratitude and Giving
Michael O’Donnell, a 1966 Woodrow Wilson Fellow who went on to become a professor and school administrator, recalls how his fellowship changed his life, shaped his career, and impacted his desire to give back.
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The Sullivans: Married Former Fellows Support Efforts to Develop Better Educated Citizens
Barry Sullivan, a 1970 Woodrow Wilson Fellow, and Dr. Winnifred Fallers Sullivan, a 1992 Newcombe Fellow, met at a student party when they were law students at the University of Chicago in the 1970s. Both credit the Fellowships they received for supporting their varied and distinguished careers. Mr. Sullivan was accepted into a Ph.D. program…
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