Beyond the Portfolio - 2025 Charitable Giving Highlights

Melissa Kolcz |
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Beyond the Portfolio

As the season of reflection begins, we extend our sincere appreciation for the valued relationships we've built together throughout the year. Your continued support has been essential to our growth and success. As you gather with loved ones, we wish you a season filled with peace, warmth, and joyful moments that linger long after the holiday ends.

Thanks to your continued trust, together we were able to support the following non-profits this year;

Alzheimer's Association

Animal Rescue League of Boston

Belonging to Each Other

Best Buddies

Cape Cod Children's Museum

CARE for the Cape and the Islands

Compassionate Care ALS

girlygirl PARTS for Ovarian Cancer

My Brother's Keeper

PFLAG Cape Cod

WE CAN

Wild Care Cape Cod

We are fortunate that many of the individuals and families with whom we work are inclined to give back to our amazing community. We've enclosed some tips below on how to maximize your charitable giving and lower next year's tax bill.

  • Donate appreciated non-cash assets to a Donor Advised Fund (DAF); donors who use this approach can generally eliminate the capital gains tax and potentially increase the amount donated to the charity by up to 20%. A DAF can be employed at any point and allows you to bunch deductions and invest for future giving. You can involve your family in a legacy of future giving. DAFs are most effective when you are able to itemize deductions.
  • Give more by donating retirement assets; donors who are in or near retirement might want to consider the following tax-smart tips for making a charitable impact;
    - Make a Qualified Charitable Distribution - individuals currently required to take minimum distributions (RMD's) can direct up to $108K per year tax-free from their IRA's to the charity of their choice. You are eligible to start making QCDs at 70.5 and they count towards your RMD and is excluded from AGI. QCDs are most effective in managing the tax impact of RMDs.
    - Use a charitable deduction to help offset the tax liability of a retirement withdrawal. A withdrawal offers the additional benefits of potentially reducing a donor's taxable estate and limiting tax liability.
    - Convert retirement accounts to Roth IRAs - use charitable deductions to help offset the tax liability of the amount converted to a Roth IRA.