
A Planned Gift allows you to include The American Friends of The School of St Jude in your estate plans-such as through a trust, Will, or beneficiary designation. This type of gift ensures that a cause you support and care about will continue to make an impact for years to come without affecting your current financial situation. In addition to creating a lasting legacy, these gifts may provide potential estate tax advantages and, in some cases, income tax benefits depending on how your gift is structured.
There are also effective ways to maximize your charitable impact during your lifetime.
Bunching Gifts: Combining multiple years of charitable contributions into a single tax year which may help you exceed the standard deduction threshold and maximize itemized deductions.
Donor Advised Funds (DAF): A DAF allows you to make a charitable contribution, receive an immediate tax deduction, and recommend grants to non-profits over time. These offer flexibility and simplicity.
Qualified Charitable Distributions (QCDs): If you are 701/2 or older, you can transfer funds directly from your IRA to a qualified charitable organization. These distributions satisfy required minimum distributions (RMDs) and may reduce taxable income.