A Window of Opportunity: Donor Advised Fund before December 31?

A Window of Opportunity: Donor Advised Fund before December 31?

On December 9th, the markets hit their 13th record close since the November elections. Accompanying the records in the market, we have also seen what feels like a record number of opinions of what the change in administrations will mean for taxes.  Some of these opinions have focused on the potential tax changes and their effects on the charities and the charitable deduction.  Fidelity Charitable offered what I consider a measured and reasonable framework for the possibilities. It is safe to conclude that there is at least a good likelihood that the benefits of giving in 2016 may be more tax wise than in future years. If you believe that to be true, these next few days may be ideal for starting a donor advised fund.  Here’s why: Tax Benefits in 2016, Grant in 2017 and Beyond:  Right now, this simple and unique benefit of a donor advised fund could be its biggest.  Donors can take a deduction in 2016 and reserve the right to recommend grants in future years.  If you can use a tax deduction this year, you can get it and “lock-in” its’ benefits. You do not have to decide where you want its support to go at this time, you can choose the charity at a later date. You Don’t Need to be Bill Gates:  If you have been following donor advised funds for several years, you may remember the gift minimums to be $25,000 and above.  These minimums have come down over the years.  In fact, The Advise Us Fund‘s gift minimum is $2,500.  With the lower minimums, it may be feasible to “pre-pay”...
Happy Thanksgiving

Happy Thanksgiving

As the end of the year approaches, it is easy to get caught up in the hustle of all the things to get done, the preparing, perhaps traveling, the celebrations to attend or maybe even something difficult that’s keeping your attention. Through all of this, we hope you can take pause and just ponder all of the things that you have to be thankful for.  Today, we are doing just that, and we can certainly look to YOU with such appreciation and thanks for your interest in or support of The Advise Us Fund.  It’s been a tremendous year, and all that we are doing to work to help others and fulfill our mission would not be possible without your support. We hope you and your family have a wonderful Thanksgiving and many good wishes as we embark on 2017! From generation to generation,   The Board of Directors, Staff and Volunteers of The Advise Us...
Why Giving Tuesday Should Be Part of Your Giving Plan

Why Giving Tuesday Should Be Part of Your Giving Plan

Giving Tuesday was started in 2012 in a partnership by the 92nd Street Y and the United Nations Foundation to create an international day of giving during the busy holiday shopping season. Since 2012, Giving Tuesday (#GivingTuesday) has become a powerful movement supporting giving and creating a culture of philanthropy.   Since its inception, charities have seen large increases in both donor participation and dollars given per-donation. In 2015, charities saw a 155% increase in donations over 2014, bringing in over $117 million dollars. While that represents only a fraction of annual giving to charities, it does represent the largest single day of online giving. Giving Tuesday is helping charities increase the number of donors and reach the increasingly important millennial generation. The social nature of giving on Giving Tuesday makes it a great way to introduce charitable giving to children and teens.   So, this coming Giving Tuesday, November 29, 2016, take a moment to give to your favorite charities. If you have the money to spare, start up a donor-advised fund. It makes giving easy, it makes doing your taxes easier without the need to keep track of various tax receipt letters, and it forces you to think about how much you want to give in total, rather than to any given recipient. The Advise Us Fund is itself a 501(c)3 non-profit and you can donate to us here or contact our...
Join Us for Our Free Fall Boot Camp: Donor Advised Fund Essentials for Small and Medium Charities

Join Us for Our Free Fall Boot Camp: Donor Advised Fund Essentials for Small and Medium Charities

Donor Advised Fund Essentials for Small and Medium Charities The Advise Us Fund expresses its deep gratitude to Holland and Knight for graciously hosting this event. Thursday, September 29, Registration opens at 8 am, program 8:30 am – 2 pm Entire Program Free, Box Lunch Included Please email aroy@adviseus.org for any dietary needs or specific agenda. Speakers Include: Bob Eichinger, Chicago Community Trust, Director of Donor Services Ron Burke, Active Transportation Alliance, Executive Director Laura Kaufman, Partners in Effective Philanthropy, President Vivian Karpowitz, Advocate Health Care Foundation, Director, Development Information and Analytics Tony Oommen, Fidelity Charitable, Vice President, Charitable Planning Consultant Kristin Carlson Vogen, Oak Park-River Forest Community Foundation, President and CEO David Rosen, Jewish United Fund, Senior Vice President, Endowment Free...