Problem: Looking for a Tax-Effective Way to Donate to Your Favorite Charity?
Solution: Open a Donor-Advised Fund Through Fidelity!
How to Open a Donor-Advised Fund
What is a Donor-Advised Fund?
A Donor-Advised Fund is a philanthropic account that allows individuals to make charitable contributions from your computer, receive immediate tax benefits, and recommend grants to nonprofit organizations over time.
Steps to Take:
- Navigate to fidelitycharitable.org/open-account.html.
- Click “Open Now”.
- Complete all account holder information and click Next.
- Complete account information and click Next.
- Confirm and Submit.
Benefits:
- No minimum contribution to open an account.
- Depending on the sponsoring organization, contributed assets may be allocated among available investment options. These investments have the ability to grow tax-free in the account, making each donation more meaningful.
- Eligible contributions are tax deductible the year they are made (Some taxpayers may find that charitable giving strategies increase itemized deductions. Tax results depend on individual circumstances).
- Contributions of certain appreciated long-term assets may allow donors to avoid recognizing capital gains that otherwise could have been incurred upon sale. Subject to IRS rules and limitations, eligible donors may also qualify for a charitable deduction based on the value of the contributed asset.
- Once the account is funded, contributions can be made at any time, and for any amount.
- All donations from your Donor-Advised Fund can be automated.
There is NO charge for us to be the ‘advisor’ on this account and assist you if you ever need help.
To Learn More About Endowment Wealth Management
and Our Fee-Only Fiduciary Advice
Call: (920) 785-6010
Visit: www.EndowmentWM.com
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Disclosures: Information contained herein is intended for informational, illustrative and/or educational use only and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purpose nor shall it be construed to be the provision of individualized investment, tax or legal advice. Endowment Wealth Management, Inc. (“EWM”) is not soliciting or recommending any action based on this material. This is neither an offer nor a solicitation to buy/or sell securities in any state or jurisdiction where EWM is not registered, or notice filed and does not qualify for an exemption from such registration and notice filing requirements. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that consider all of the particular facts and circumstances of the investor’s own situation. All investments involve risk and potential loss of capital and, unless otherwise stated, are not insured or guaranteed.
While the content herein has been obtained from sources that we consider reliable, we do not represent that the information is accurate, complete, or current and it may be relied upon as such. Reliance upon any information in this material is at the sole discretion of the reader. Content is subject to change without notice.
Tax benefits described herein are general in nature and subject to IRS rules, limitations, and individual circumstances. Not all taxpayers will receive the same tax results. Individuals should consult their tax advisor regarding their specific situation.
Endowment Wealth Management, Inc. (“EWM”) is registered as an investment adviser with the SEC. Registration does not imply a certain level of skill or training. A copy of EWM’s disclosure documents, including Form ADV Part 3 (Client Relationship Summary), Form ADV Brochure Part 2, and Privacy Statement, are available upon request.