Your heart is in the right place, but you might be doing it wrong.
Americans love charitable giving. About 69% of us regularly donate to organizations we truly believe in. The problem is, too many of us donate inefficiently or fail to maximize the impact of our giving by handing out cash.
Increasingly, goodhearted people are maximizing both the impact of their charitable donations and the immediate tax benefits they get by supporting charitable organizations through donor-advised funds.
Donor-advised funds give you the flexibility to grow and use your charitable funds and immediately enjoy end-of-year tax advantages from giving.