Updated 12/1/2024

Many clients like to donate to charity, but they may not be doing so effectively. As financial advisors, it’s our job to ensure our clients maximize the outcomes of their deductible charitable gifts. That’s where this guide steps in.

With this summary guide, you’ll be able to quickly navigate the common deductible charitable gifts clients can give, the AGI limitations for deductions, and whether any other special rules apply. This summary guide covers some key components of deductible charitable gifts, such as:

• What types of assets can be gifted.
• The valuation metrics used for specific assets that are gifted.
• How the type of charity impacts one’s ability to make a charitable gift and receive a deduction.
• AGI limitations associated with deducting charitable gifts.
• Any forms or appraisal requirements that may be needed.