Tax Advantage Giving

As the year-end approaches, many nonprofits, including the BPL Foundation, are preparing for their annual appeal. As a donor, there are a few tax-advantaged ways you can give. If you’re over the age of 73, consider donating your IRA’s required minimum distribution directly to a nonprofit, which can reduce your taxable income. Additionally, at any age, you can establish a Donor-Advised Fund (DAF), allowing you to contribute to a fund that offers income tax advantages while directing donations to qualified nonprofits over time.