New addition enhances tax-efficient giving
strategies for high-net-worth clients while augmenting traditional
donor-advised funds.
BOULDER,
Colo., Feb. 19, 2025 /PRNewswire/ -- Give,
a TIFIN company offering modern philanthropic planning for
wealth enterprises, now offers single-charity funds within its
flagship platform. Donors can now seamlessly access their
donor-advised fund and single-charity fund in a single view, using
each vehicle as needed. This capability is designed to help
financial advisors enhance their clients' tax-efficient charitable
giving by adding a new strategy for those high-net-worth
individuals who have reached the age where required minimum
distributions (RMDs) from an IRA kick in.
"This capability was developed to address a common challenge we
have heard from advisors – helping high-net-worth clients
manage required minimum distributions while optimizing
tax-efficient charitable giving," said Blake Rohde, Chief Experience Officer at Give.
"By integrating Single-Charity Funds into Give's donor-advised fund
platform, we provide advisors with a streamlined solution that
simplifies strategic philanthropy, strengthens client
relationships, and aligns retirement and giving goals within a
comprehensive wealth management strategy."
Clients with Individual Retirement Accounts (IRAs) must begin
taking RMDs at age 73. These distributions may increase taxable
income, potentially pushing individuals into a higher tax bracket
and limiting the availability of deductions. Qualified Charitable
Distributions (QCDs) offer a way to mitigate these tax implications
by allowing IRA holders to transfer up to $108,000 annually to charity, satisfying RMD
requirements while avoiding additional taxable income. However,
QCDs cannot be directed to donor-advised funds, private
foundations, or supporting organizations, limiting their use within
structured giving vehicles.
Single-Charity Funds provide an alternative by allowing
contributions to be earmarked for a specific nonprofit organization
while retaining the investment flexibility available within a
donor-advised fund (DAF). This enables clients to meet charitable
commitments, optimize tax strategies, and maximize the potential
impact of their contributions.
"Single-charity funds are a critical component of philanthropic
planning, particularly for our high-net-worth clients. By
integrating single-charity funds into the BlueGive experience, we
can more effectively and comprehensively support our clients'
charitable and financial goals," shares Joni White, Philanthropic Trust Administrator at
Blue Trust. "Integrating these charitable vehicles into a single
portal view elevates their charitable giving, making it more
intentional and impactful."
For advisors looking to differentiate their services and move
upmarket, integrating thoughtful philanthropic solutions is a
critical part of wealth planning. With $18
trillion estimated to be directed to charity as part of the
Great Wealth Transfer, many financial advisors are overlooking
opportunities to guide clients through strategic giving
strategies.
Single-Charity Funds complement TIFIN Give's existing
donor-advised fund platform, providing financial advisors with a
more comprehensive set of tools for structuring philanthropic
giving. Whether clients seek broad-based charitable flexibility
through a traditional DAF or a dedicated, long-term commitment to a
specific nonprofit, TIFIN Give now offers solutions for both
approaches.
Firms and advisors can learn more by visiting TIFINGive.com.
About TIFIN Give
TIFIN Give is a digital platform
designed to make philanthropy simple, accessible, and impactful.
Its donor-advised fund solution empowers institutions, advisors,
and families to maximize their charitable giving. Recently, TIFIN
Give launched public campaign functionality to empower donors to
drive collaborative impact. The tool has been used to raise funds
for the L.A. wildfires, Hurricanes Helene and Milton, and a variety
of additional causes.
TIFIN, the parent company of Give, builds platforms and
applications for financial services that apply data science, AI,
and technology for financial prosperity. TIFIN's companies include
TIFIN Magnifi, TIFIN Sage, TIFIN @Work, TIFIN AMP, TIFIN AG,
TIFIN Wealth, Helix, and Give. TIFIN has been backed by JP Morgan,
Morningstar, Hamilton Lane, Franklin
Templeton, SEI, Motive Partners, and Broadridge among
others.
Media Contacts
Katie
Gervase
katie.gervase@tifingive.com
203-505-0845
Tanya Bhasin
tanya.bhasin@tifin.com
408-332-1750
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SOURCE The TIFIN Group
