Giving through donor-advised funds (DAF) is surging in popularity these days especially when giving appreciated securities. Giving those through a donor-advised fund allows you to give the appreciated security, avoid the capital gains tax and receive an immediate tax deduction without specifying at the time of the gift the charity or charities you want to…
A qualified charitable distribution (QCD) is a direct transfer of funds from your IRA custodian, payable to a qualified charity, which may be counted toward satisfying your annual required minimum distribution (RMD). In addition to the benefits of giving to charity, a QCD excludes the amount you donate from your taxable income, which is unlike…
An endowment is a meaningful tool to ensure your perpetual support for those charitable causes near and dear to your heart, like Westport Road Baptist Church. By establishing an endowment or contributing to an existing endowment, you create a lasting legacy that reflects your values and convictions. When you make an endowed gift a portion…