Three Options For Charitable Giving

The United States is continuing to grow as a philanthropic society that promotes individuals serving their communities through both time and money. As part of their lifetime and at-death philanthropic efforts, a donor can select among multiple options to make a charitable gift. Several common options for a monetary gift to a charity are an outright gift, a donor advised fund, or a private foundation.

Outright Gift

The most obvious way for a donor to make a gift to a charity is an outright gift. An outright gift can be made either during the donor's lifetime or at the donor's death in the donor's estate planning documents. A gift to a charity is often cash, but could be any item or asset, such as a vehicle, real estate, or stocks.