Planned Charitable Giving can take a Bite Out of Taxes
Planned charitable giving can play an important role in estate, gift and income tax planning. Below are some of the more common methods of providing assets to charities. Outright gifts: This is the most common and popular form of charitable gift. A will or revocable trust includes a provision leaving a fixed dollar amount or percentage of an overall estate to a particular charity. You can modify the planned gift at any time.