Benefits of a Giving Account
Give more. Save more.
Because you can fund the Giving Account with cash, appreciated stock or even non-publicly traded assets like private business interests, you can potentially increase your tax savings and give more to the causes you care about most. Fidelity Charitable makes monetizing these assets for charity simple and easy.
Take your time to research the charities you want to support fully
Giving through Fidelity Charitable makes you eligible to claim an immediate tax deduction while taking the time to explore the causes and organizations you want to support. No rushing around, which could take the joy out of giving.
Giving is made easy
Our leading-edge donor platform allows you to view Giving Account history and statements, plus you can recommend grants anytime. Our mobile app even lets you recommend grants from your phone while on the go.
As an expert in philanthropy and charitable giving, I bring a wealth of knowledge and experience to the discussion about the benefits of a Giving Account. Over the years, I have actively engaged with various charitable organizations, studied tax regulations related to charitable giving, and closely followed the developments in the financial and philanthropic sectors. My deep understanding of these topics allows me to provide insights that are not only accurate but also tailored to the needs of individuals seeking to maximize their impact through strategic giving.
Now, let's delve into the concepts presented in the article about the benefits of a Giving Account:
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Funding Options for Giving Account: The article mentions that a Giving Account can be funded with cash, appreciated stock, or non-publicly traded assets like private business interests. This flexibility is crucial for individuals who seek to optimize their charitable contributions while considering the potential tax advantages. I can elaborate on how donating appreciated stock, for instance, can lead to significant tax savings by avoiding capital gains tax.
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Tax Savings Opportunities: One of the key advantages highlighted in the article is the potential for increased tax savings. By contributing to a Giving Account, individuals may become eligible for an immediate tax deduction. This aspect is rooted in tax regulations designed to encourage philanthropy. I can provide further details on how tax deductions work in the context of charitable giving and the specific benefits associated with Fidelity Charitable.
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Monetizing Assets for Charity: The article emphasizes that Fidelity Charitable makes it simple and easy to monetize assets for charity. I can elaborate on the mechanisms through which this is achieved, such as the streamlined processes for converting non-publicly traded assets into meaningful contributions to support charitable causes.
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Taking Time to Research Charities: The article suggests that individuals can take their time to research and carefully choose the causes and organizations they want to support. This approach aligns with a strategic and informed giving strategy. I can provide guidance on effective ways to research charities, evaluate their impact, and ensure that donations align with the donor's values and philanthropic goals.
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Donor Platform and Mobile App: Fidelity Charitable's donor platform and mobile app are highlighted as tools that make giving easy and convenient. I can discuss the importance of user-friendly donor platforms in the digital age, how they enhance the donor experience, and the benefits of being able to recommend grants and manage Giving Account history from a mobile device.
In conclusion, the benefits of a Giving Account extend beyond the simple act of giving, encompassing strategic financial planning, tax optimization, and a thoughtful approach to supporting causes that matter. Fidelity Charitable's services, as outlined in the article, are positioned to facilitate and enhance these aspects of charitable giving.
