Investing With Charitable Giving in Mind
Avenues for charitable giving today go beyond traditional cash donations made directly to nonprofit organizations. Investment vehicles designed specifically for charitable donations provide opportunities to contribute other financial assets, including securities and property, and might also provide you with certain benefits, such as tax deductions or regular income payments.
However, you might have less control over your funds than you would with other traditional investments. And, as with cash donations, the contributions you make to these accounts are irrevocable and can't be returned or inherited by your beneficiaries.
Charitable giving strategies can be complex, so speak with your investment professional to determine which approach is the best fit for your investment portfolio before transferring any assets. You might also want to consult with a tax specialist to be sure you understand the tax implications for any charitable contributions you're considering.
Source Fool.com
