Berkeley CSUA MOTD:Entry 42325
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2006/3/20-21 [Reference/Tax] UID:42325 Activity:nil
3/20    For those who have lots of capital gains (stocks, etc.), and
        contribute to charity, check out donor advised gift funds
        (Fidelity: http://www.charitablegift.org Vanguard:
        http://www.vanguardcharitable.org  These allow you to
        shield your donated assets from capital gains taxes.  You
        can then redirect your donation to the charities of your
        choice whenever you want.
        If say you donate $10000 stock of which $8000 is capital gains,
        you save taxes worth $1500 compared to selling the stock and
        donating the after-tax amount to charity (assumption: 15%
        captial gains rate and 25% income tax bracket, itemized
        deduction)(calculation: (0.15*8000)+(0.15*8000*0.25)=1500).
        (i.e. $1200 lost to capital gains tax and this $1200 also
        lose its benefit for charitable donation deduction worth
        $300).  Other benefits: you can give your fund your own
        name, or donate anonymously without losing tax savings,
        undistributed funds have several investment choices, etc.
        caveat: $100 or 1% management fee per year, $10000
        to start fund (for Fidelity)         - christian socialist
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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www.charitablegift.org
Financial Advisor Resources gift-fund_spacer_charitable giving The Fidelity Charitable Gift Fund^SM is an independent public charity. Our mission is to further the American tradition of philanthropy by providing programs that make charitable giving simple and effective. The Basics gift-fund_spacer_charitable giving The Fidelity Charitable Gift Fund is a donor-advised fund, a charitable giving vehicle that combines immediate tax benefits with the ability to support your favorite charities on a flexible timetable. View the Demo Our History gift-fund_spacer_charitable giving Since our founding in 1991, thousands of donors have looked to us to facilitate their charitable giving. About the Gift Fund Charitable Planning We believe that charitable giving is a deeply personal expression of our beliefs and life experience. We offer philanthropic resources and educational materials to help our donors create a giving strategy that fulfills their personal charitable mission.
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www.vanguardcharitable.org
Welcome to the Vanguard Charitable Endowment Program, a nationally recognized donor-advised fund. The Endowment Program endeavors to offer the best philanthropic value, supporting your charitable giving with simplicity, personalized service and low costs. A donor-advised fund is a philanthropic vehicle which allows donors to create accounts with their donated assets, qualify for an immediate tax deduction, and then recommend charitable entities to receive grants from those particular accounts. Donor-advised funds are the fastest-growing charitable giving vehicle in the nation. The Vanguard Charitable Endowment Program is an independent public charity established in 1997 by The Vanguard Group, Inc.