Charitable giving options (2024)

Donor-advised funds (DAFs) are a type of charitable fund that organizations and individual donors can contribute to as a way to further their philanthropic goals.Using a DAF allows you to immediately receive the maximum tax benefit for your donation, and distributions can continue throughout your lifetime and beyond.

Plus, DAFs give you the opportunity to create a legacy of family giving because the account can be passed down to your family members.

Donating long-term assets, such as stocks, can be a tax-efficient way to contribute to charity. When you donate a stock (as opposed to donating the money made from the sale of a stock) the recipient charity can receive a larger donation overall.

In addition, stock donations are typically exempt from capital gains taxes since stock ownership is being transferred rather than sold. A financial advisor can help guide you through any additional tax benefits, depending on whether the stock has appreciated or lost value since you acquired it.

Creating a bequest via your will is a meaningful way to support the causes that matter most to you. Charitable bequests to nonprofits such as St. Jude can be a transfer of cash, securities or other property made through your estate plans.

This charitable giving option is simple to set up and flexible over time. It can also help you to reduce federal estate taxes as there’s no limit to the value of charitable bequest assets that can be deducted from the total estate's value.

If you don't need the full extent of your retirement assets during your lifetime, designating the remainder or even a portion of the balance is a great way to support the mission of St. Jude. It's as simple as designating St. Jude as a beneficiary.

Donating retirement assets to charitable organizations helps create positive change, leaves you in financial control during your lifetime and could help lower your estate and income taxes.

Similar to retirement accounts, donors can name a charitable organization, such as St. Jude, as a beneficiary of a life insurance policy. This means you retain ownership of the policy throughout your lifetime, and then the organization receives payouts upon your passing.

This type of donation may also entitle you to charitable tax deductions and lowered estate taxes.

Employer matching, workplace fundraisers and employee giving are all great ways to encourage support for St. Jude through your workplace. Workplace giving can:

• Boost company morale.
• Make donating easy.
• Create a larger impact than individual donations.

Depending on the type of workplace giving your company supports, you may be able to donate directly through payroll deductions, and your gift could even be doubled if your employer agrees to match.

Donating real estate — such as a home, farm or vacation property— is animpactful way to support St. Jude. This may be a good choice if:

• You own property that has appreciated in value since you acquired it.
• You've owned the property for more than one year.
• You'd like to be free from paying real estate taxes and the costs of insurance and upkeep on a property.

Another option is to donate your primary residence after your lifetime, which you can set up throughan enhanced life estate deed. This type of deed, only available in some states, lets you retain full ownership of your property while you're alive. It will then pass directly to your named beneficiary at the time of your passing, avoiding probate.

St. Jude has partnered withCharitable Adult Rides and Services (CARS) to make donating your car or other vehicle simple. Among the benefits:

• Avoiding expensive repairs.
• Skipping the hassle of selling.
• Potentially qualifying for a tax write-off.

Every child deserves a chance to livetheir best life and celebrate every moment. When you support St. Jude,you can help make cures possible for kids with cancer. Together, we can save more lives.

Unlike other hospitals, the majority of funding forSt. Judecomes from generous donors. Join us, and be part of our mission to save more lives.