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A Primer on Charitable Giving Strategies: Everything to Know

Not only is giving back an honorable notion, but it’s also a choice that will help many people live better lives. While donating to a charity is great, you want to go about it in a way that’ll be mutually beneficial. The best way to achieve this is by becoming aware of charitable giving strategies that suit your particular needs and goals. If you’re unsure about which path to take, then we can help.

TrinityPoint Wealth is proud to offer charitable giving strategy services to our clients. With our guidance, you can find the right charity while also gaining some benefits for yourself through tax savings. In this article, we’ll touch on two popular giving strategies. As always, if you have any questions, simply reach out to the TPW team!

Donor-Advised Funds

Donor-advised funds are the charitable giving strategy we most often recommend to our clients. In general, these funds make you eligible to receive an immediate tax deduction. You’ll donate cash, stocks, or assets into a fund which then allows your contribution to achieve tax-free growth. Your donation will grow, naturally and tax-free, resulting in more money that can go towards the charity of your choice. 

Although this description of donor-advised funds is brief, it covers the core components. If you’d like to learn more, give us a call and we’ll answer any questions you may have.

Qualified Charitable Deductions from IRAs

Qualified charitable deductions are another popular charitable giving strategy. Known as QCD for short, this strategy withdraws funds from your IRA and puts it towards an eligible charity of your choice. 

There are a few rules and regulations that dictate who can partake in this strategy. Chiefly, the IRA account holder must be at least 70 years of age as of December 31, 2019. IRAs have required minimum distributions (RMD) which must begin to take place when the account holder reaches the age of 72. Avoiding making these distributions can result in a 50% excise tax. QCDs subvert these issues and can actually count toward that year’s RMD. If you fit the criteria, then QCDs might be the right charitable strategy for you!

Contact TrinityPoint Wealth, Today!

At TrinityPoint Wealth, we take pride in helping clients like you manage their wealth at every stage of their lives. We offer assistance with charitable giving strategies, as well as life and retirement planning, asset management, investment advisory, and much more.

Feel free to have a look around our site to learn more about what we can offer you, or reach out to us whenever you’re ready to achieve your monetary goals. We can’t wait to see you succeed!


This material prepared by TrinityPoint Wealth is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Opinions expressed by TrinityPoint Wealth are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from sources believed to be reliable. TrinityPoint Wealth, however, cannot guarantee the accuracy or completeness of such information, and certain information may have been condensed or summarized from its original source. Materials herein were prepared by AGI Marketing. TrinityPoint Wealth and AGI Marketing are not affiliated.

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