News & Events | Could You Benefit from Bunching? | Truman Heartland Community Foundation
 

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Could You Benefit from Bunching?

Many individuals who have a history of charitable giving found themselves in an unfamiliar situation this year due to the new tax law. With the raising of the standard deduction, we’re seeing many donors incorporate the ‘charitable bunching’ strategy to maximize the tax benefits of their charitable giving.

Simply put, donors are bunching their contributions. As shown in the example below, every three years, donors can contribute to their donor advised fund with an amount equal to the total needed for three years. In that year, the donors itemize their deductions when filing their tax return. In the next two years, the donors make their contributions from their donor advised fund and claims the standard deduction on the tax returns for those years.

This method allows donors to continue to support their favorite charities while maximizing the tax benefit of their charitable contributions.

 


Ready to Start Bunching?

Download our Comprehensive Charitable Bunching One-Sheet and discuss this strategy with your professional advisor. You can also make an appointment to meet one-on-one with Shannon Sundberg, our Director of Advancement, to learn more about donor advised funds and options for meeting your charitable giving goals.



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