By carefully considering your giving goals and building a charitable plan for the future, you have set the groundwork for selecting an appropriate giving vehicle.
The Fidelity Charitable Gift Fund offers two ways to give: through a donor advised fund or a pooled income fund.
Giving during your lifetime
The Giving Account® is a donor advised fund, which is a charitable giving program that simplifies the giving process while it maximizes individual tax benefits and potential charitable impact.
Key characteristics of the Gift Fund's program are:
- Potential immediate tax deduction, up to 50% of adjusted gross income for cash equivalents, 30% for appreciated assets
- May avoid capital gains tax for gifts of long-term appreciated securities
Learn more about Tax Benefits & Contributions > - Accepts many types of assets, including some non-publicly traded assets
Learn more about Donating Special Assets > - Professional investment management for charitable assets
- Simplified Giving Account setup, recordkeeping, and administration
- Can name successors to continue family involvement
Giving and generating income
The Pooled Income Fund combines the benefits of lifetime income with reduced estate tax burden and support of up to 10 charities after the last beneficiary passes on.
Key characteristics of the Gift Fund's program are:
- Potential immediate partial tax deduction, based on your life expectancy and the anticipated income stream
Learn more about Supporting Charities & Receiving Income > - May avoid capital gains tax for gifts of long-term appreciated securities
Learn more about Tax Benefits & Contributions > - Professional investment management
- Simplified setup and recordkeeping
Keeping your unique financial situation and personal priorities in mind, your professional advisor can help you evaluate the available options and select the most appropriate vehicle for you.