The holidays are always a reminder that the year is coming to a close. Adding to the holiday stress is the thought of income tax planning. Our accountant might have put together some projections and is advising that we should consider making charitable contributions before December 31. Deciding which charity to support adds to the stress.
Here’s the simple solution – establish a donor advised fund at North Valley Community Foundation, transfer the amount you want as a charitable deduction and take your time next year deciding which organization should receive a grant from your fund.
Setting up the fund is simple and quick. Log on to nvcf.org to get started!
One more thought. Consider contributing appreciated stock to your donor advised fund instead of cash. You avoid the capital gains on a sale and complete your charitable gift without touching your cash position. All it takes is giving your broker instructions on the transfer of stock to the North Valley Community Foundation brokerage account for the benefit of your fund.
Your donor advised fund eliminates the tax planning stress so you can focus on family and friends. Call us at (530) 891-1150 if you have any questions.