Each year, reviewing your finances offers a natural opportunity to reflect—not just on income and expenses, but on how charitable giving fits into your broader financial goals.
As you prepare to file, it can be a helpful time to look ahead and consider your charitable plans for 2026 so you’re informed and confident about your options. Thoughtful planning can help you maximize both your financial efficiency and your philanthropic impact.
Qualified Charitable Distributions
For individuals age 70½ or older, a Qualified Charitable Distribution (QCD) allows you to give directly from your IRA to a qualified charity. Why thinking about a QCD is helpful now:
QCDs reduce taxable income rather than relying on itemized deductions
They can count toward your Required Minimum Distribution (RMD). While RMDs are generally required at age 73, you may begin making qualifying distributions as early as age 70½.
Knowing this option early makes charitable giving easier and more intentional
Donor-Advised Funds
As you review your tax documents, you may consider how a Donor-Advised Fund (DAF) can simplify and organize your charitable giving. Why thinking about a DAF is helpful now:
Makes it easy to support your favorite causes now and in the future
Allows thoughtful planning rather than last-minute decisions
Helps align giving with broader financial goals
Gifts of appreciated stock
Reviewing investment statements can naturally prompt consideration of stock-based giving. Why thinking about appreciated stock is helpful now:
Avoid capital gains tax on appreciated assets
Support the mission using the full value of your stock gift
Often more tax-efficient than cash gifts
Whatever giving vehicle you choose, proactive planning can make your philanthropy more effective.
Pay attention to what stands out in your return or financial review
IRA distributions, capital gains, or itemization choices may inform future giving strategies.
Talk with your advisor
Always consult your financial advisor when aligning charitable giving with financial goals.
Reach out with questions anytime
To explore giving options, visit our Planned Giving page or contact Alex Teska, Philanthropy Director, at ateska@eversightvision.org or (734) 780-2675.
This information is provided for educational purposes only and is not intended as legal, tax or financial advice. Tax laws are subject to change. Please consult a qualified tax, financial or legal advisor to determine what’s right for your situation.