Contribute Tax-Efficient Giving

There are many ways to give to Brigid’s Path.

We offer several tax-efficient opportunities that allow you to directly serve our mission.

Some possibilities include:

• Creating a Donor-Advised Fund
• Qualified Charitable Distribution
• Itemized Deduction Bunching
• Gifting Appreciated Assets

In 2021 some anticipated impacts on giving include:

• 2020’s Coronavirus Aid, Relief, and Economic Security (CARES) Act encouraged individuals to give during a time of incredible hardship. And in 2021, the government extended the tax breaks. But the window is now closing to take advantage of certain incentives, such as the ability to deduct up to 100% of adjusted gross income (AGI) for cash gifts made directly to public charities.
• To fund President Biden’s Build Back Better Agenda, the House recently proposed increasing the long-term capital gains tax rate—for individuals with more than $400,000 of taxable income, and married couples filing jointly with more than $450,000 of taxable income—to 25% plus a 3% surcharge to income over $5 million. This would make charitable giving even more attractive from an income tax perspective than it is today.
• The Accelerating Charitable Efforts Act, introduced in June, proposed significant changes to requirements for certain giving vehicles—namely, donor-advised funds (DAFs) and private foundations (PFs). If passed, it could impact the income tax deductions and grant-making time horizons associated with these strategies. Donors who wish to ensure that the charitable income tax deductions for their gifts will be subject to current law should consider making gifts before the proposed enactment date of the bill: Jan. 1, 2022.

To learn more about utilizing one or more of these methods to support Brigid’s Path, contact your financial advisor.

Mark Morris and Jeff Garnica at Secure Future Advisors are partners of Brigid’s Path and able to assist with your giving options.