Table: Giving Well
Donor-advised charitable funds hold your money and dole it out to the chari- ties you choose when you tell them to do so. Here's what to consider about using a fund instead of giving directly to a charity:
DIRECT TO CHARITY DONOR-ADVISED
All your money goes to the Your giving is reduced by administra- charity; you pay no fees. tive and money-management fees.
You must know now what You get the full tax break the year charity you want to give to. you set up the fund but wait until later years to decide which charities to give to.
You must handle the paperwork on This is handled by the group your gift. Giving cash is easy, but running the fund and is transferring stock is more complex. covered by the administrative fee.
You need a separate tax receipt One statement from the fund at the for each gift you give. time of the gift takes care of the IRS.