Your Year-End Giving Guide

If you anticipate making charitable gifts over several years, consider combining those contributions into a single gift to your donor advised fund. You may be able to maximize your tax deduction in one year while continuing to support the nonprofits you care about through grant recommendations over time. 

Donating long-term appreciated assets, such as stocks, Bitcoin, precious metals, real estate, etc., is one of the most tax-efficient ways to give. You may avoid capital gains tax on the appreciation and stretch your charitable dollars further. With the stock market at near record highs and precious metals continuing their surge, making a gift of those types of assets before year-end could be especially advantageous.

If you’re 70½ or older, you may transfer up to $111,000 this year directly from your IRA to Gulf Coast, reducing your taxable income while supporting important causes. This can also satisfy your Required Minimum Distribution. Although these gifts cannot be contributed to a donor advised fund, they are an excellent way to support specific charities through designated funds or Gulf Coast initiatives, which can be endowed to support your favorite causes for generations to come.