A Triskeles Foundation Donor Advised Fund provides a charitable giving option that offers versatility and tax efficiency. Many benefits are provided including:
Tax advantages
Creating a legacy
Simplified administration
Tax advantages
Immediate tax deduction. Your contributions are fully tax-deductible in the year they are
made.
- Cash contributions. You are eligible for a federal income tax deduction, up to 50% of your adjusted gross income (AGI) in the tax year in which the contribution is made. If your contribution exceeds this limit, you may carry forward the deduction up to five years.
- Publicly traded securities. You may generally deduct up to 30% of your AGI for gifts of appreciated securities held more than one year. For publicly traded securities that are held over one year, the deduction amount is the mean value of the high and low prices of the security on the date of the gift. For securities held for one year or less, the deduction is the lesser of your cost basis or fair market value. If your contribution exceeds this limit, you may carry forward the deduction up to five years.
No capital gains taxes. You can contribute appreciated securities to the program; realize their full fair market value as a deduction, and avoid capital gains taxes.
No estate taxes. You contributions are outside of your estate and therefore, are not subject to either estate tax or probate.
Tax-free account income. Income to your Donor Advised Fund account from investment growth is exempt from taxes.
Enhanced giving power. Your contributions are invested under the management of professionals carefully selected and monitored by the Triskeles Foundation with the potential for tax-free growth, which may mean more gifts to charity in the future.
No year-end pressure. You can make a donation now, receive immediate tax benefits, and recommend grants to charities later.
Creating a legacy
A legacy of giving. You can name advisors and successors to your account, to continue the tradition of giving beyond your lifetime.
Anonymous giving. You can recommend charitable grants, and if desired, all information will remain confidential.
Simplified administration
Consolidated reporting. A Triskeles Foundation Donor Advised Fund provides consolidated reporting and record keeping.
Consolidated record keeping. You receive gift receipts and IRS-ready information from the Triskeles Foundation.
NOTE:
Because the income and transfer-tax consequences of contributions to charity will vary depending upon the personal circumstances of the donor, and the nature of the property contributed, persons considering making a contribution should first consult with their legal and tax advisors. Although great effort has been taken to provide accurate numbers, information and explanations, under no circumstances shall this or any other materials describing the program be intended to constitute legal opinion or advice. Rather, the materials are intended as a basis for further discussion with professional advisors who are charged with responsibility for rendering legal opinions or advice.
The Triskeles Foundation and its affiliates receive fees in connection with the operation of the program. Generally, the amount of these fees will vary depending on the investments in the account. |
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