When working with Give2Asia, U.S. donors enjoy a tax deduction while supporting communities in need across Asia.
- Maximum tax deductibility: All contributions to Give2Asia are fully deductible, up to established limits, for U.S. Federal and State income tax purposes. Because Give2Asia is a public charity, the tax benefits are better than if you were to create your own private foundation. If you gave directly to an Asian charity, the gift would not be deductible in the U.S.
- Save on capital gains tax: When you contribute appreciated securities to Give2Asia you avoid paying capital gains tax on the difference between the cost basis of the stock and the current value – yet you are able to take the full value as a tax deduction.
- Current-year deduction and tax-free growth: For our Donor Advised Funds, you receive an income tax deduction for the full market value of your donation in the year the contribution is made, regardless of when you recommend grant distributions. This makes a Give2Asia fund a great solution in a year when you could most benefit from a large deduction but are not ready to decide where you want to make grants. Funds contributed to a Donor Advised Fund are invested and grow free of tax on investment income, potentially providing even more funds for grantmaking. Give2Asia also accepts distributions from other donor advised funds, family foundations, etc.
- Estate planning tool: Give2Asia funds also can be a useful tool for your estate planning. For example, you may make a Donor Advised Fund or an Endowed Fund the beneficiary of a charitable remainder trust, life insurance policy or qualified IRA assets, or make a testamentary gift to a fund in your Will. Please consult your tax or estate planning advisor to determine the best way to use a Give2Asia fund as part or your estate planning. Your fund can continue to be advised by family members or others you appoint.