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| Maker a change Photo by Kat Yukawa on Unsplash |
United Charitable is a nonprofit organization that works with wealth advisors and other life planning professionals together with their donors to help them get more out of their philanthropic intentions. Through its services, United Charitable offers a donor-advised fund platform which is an efficient way to contribute to your favorite causes.
A donor-advised fund is a charitable vehicle that is established through a registered charity. Donors to the fund receive immediate tax deductions for their contribution and then those same donors participate by recommending how those funds are disbursed following their own personal timeline. It’s a great option for donors who would like to benefit from a tax deduction at a specific time but want to wait for the right opportunity to contribute to their chosen charity.
The contributions cannot be taken back. The fund can grow as a function of its administration by the donor's financial professional. The growth of the assets is not taxed and allows for the donated contribution to make an even greater impact over time. Donors can choose to recommend grants from the fund at any time, providing the opportunity to build a generational charitable legacy.
