Ways to Maximize Charitable Deductions While tax laws have recently changed, smart taxpayers can still benefit from giving options through Brainerd Lakes Area Community Foundation (BLACF) Bunching Donations Appreciated Assets charitable cftIRA Rollover Annuities The recent increase If you are age 70 1/2 in charitable gift annuity rates makes these life income gifts your IRA to BLACF to even more beneficial support or create area for those over retirement age. By making a With the recent increase in standard charitable gift of deduction, many donors are using donor advised funds estate, mineral to "bunch" charitable interests, gifts of gifts for several yearsgrain, or widely- and into one calendar closely held stock year or older, you can gift up to $100,000 per vear directly f appreciated assets including real from of interest funds scholarship funds r funds to support our favorite chari bonds and mutual funds, you can potentially avoid capal gains tux, By making a gift of cash or other assets you can create a lifetime income charities. This strategy allows you to exceed the standard deduction in one tax year, while using an advised fund to support your favorite charitable By using your pre-tax IRA assets, your youless. In addition, be used to meet your preserve your current stream for yourself or charitable gifts costs cash flow and generate a charitable tax deduction a loved one, receive a IRA rollover gifts can charitable tax deduction and support the causes distribution and are you care about. required minimum causes over several not subject to income years. Visit plannedgiving.communitygiving.org to learn more! To learn how we can help make the most of charitable deductions in 2018 and beyond, contact: Karl Samp, Executive Director of BLACFat 218-824-5633. We look forward to helping you meet your giving goals! BRAINERD LAKES AREA Community Foundation COMMUNITY GIVING.ORG