If you make charitable donations and have appreciated stock or mutual funds we recommend that you set up a donor-advised fund. An irrevocable donor-advised fund is a tax-efficient way to gift money. You can gift appreciated stock with the lowest tax basis directly to your own fund, sell the stock and avoid the capital gains, take a full write off in the year of the gift, and donate amounts of $100 or larger to your favorite qualified charities.
Donor-advised funds include:
· Houston Jewish Community Federation’s Donor-advised Fund, $2,500 minimum, Call Linda Uzick at (713)729-7000 x322 for more information.
· Fidelity Charitable Gift Fund, (800)952-4438, www.charitablegift.org, $5,000 minimum and gifts of $100 and larger.
· Schwab Charitable Fund, (800)746-6216, www.schwabcharitable.org, $5,000 minimum and gifts of $100 and larger.
· Vanguard Charitable Endowment Program, (888)383-4483, www.vanguardcharitable.org , $25,000 minimum and gifts of $500 and larger.