Concepts You Need to Know
Donor Advised Fund (DAF)
A charitable giving account. You contribute assets, get the tax deduction now, and distribute to charities over time. Useful for "bunching" deductions in high-income years.
Qualified Charitable Distribution (QCD)
After 70½, you can donate up to $105,000/year directly from your IRA to charity. It satisfies your RMD but doesn't count as taxable income — effectively tax-free giving.
Life insurance as a charitable tool
Donating a life insurance policy to a charity gives a current deduction for the policy's value. Or naming a charity as beneficiary passes the death benefit tax-free to them.
Take Action Now
1
If you give $5k+/year to charity, open a Donor Advised Fund.2
At 70½+, use QCDs to satisfy RMDs instead of making taxable withdrawals then donating.3
Talk to your agent about using an existing or new life policy for charitable legacy.Want a personalized plan?
Connect with a licensed agent who can apply these concepts to your specific numbers.
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