Limitations on Charitable Deductions

Private Foundations and Donor-Advised Funds

Private foundations and donor-advised funds are among the most popular charitable vehicles to help organize and formalize one’s charitable giving. Both enable advantaged asset growth and provide a tax deduction in the year of contribution.

Donor-advised funds are frequently promoted as the better wealth management solution because they offer higher tax deduction limitations. In practice, however, these higher limitations may be less advantageous than they appear on paper.

Many individuals do not reach the Adjusted Gross Income (AGI) limits on tax deductions. However, when they do:

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