Strategic Giving with a Donor-Advised Fund

At Texas Capital Private Bank, we are committed to becoming your first call and trusted partner across all of your financial needs, including philanthropy. As part of that commitment, we are proud to announce the rollout of the Texas Capital Charitable Gift Fund, a donor-advised fund offered in partnership with our unaffiliated 501 (c)(3) sponsor. 

This new offering now provides you a personalized and flexible way to manage your philanthropy while receiving an immediate tax deduction and providing the opportunity for contributed assets to grow. How does the donor-advised fund work? You first make an irrevocable, tax-deductible contribution to your donor-advised fund to establish your account. Many types of assets can be contributed to the fund. In fact, donor-advised funds have often been called the Swiss Army knife of philanthropy. And from my experience, that is true. 

While the most common assets contributed to a donor-advised fund are cash and securities assets such as real estate, mineral interest and especially business interests can be excellent assets to utilize in pre-liquidity planning. You can avoid capital gains taxes when transferring these assets to the fund and receive a tax deduction for their fair market value. 

After opening your accounts, you then choose where and how the funds are invested and have the flexibility to distribute funds to charitable organizations on your own timeline. The Texas Capital Charitable Gift Fund even offers a digital platform, providing you with online access, visibility of real-time data and the ability to submit contribution and grant requests, all online. Having flexibility within a charitable strategy means you are able to utilize your fund in many ways, such as funding short-term needs, scholarship support, annual support to your alma mater or creating a permanent endowment to your favorite cause. Most importantly, utilizing the Texas Capital Charitable Gift Fund within a defined philanthropic strategy allows you to create a lasting legacy by involving your family in meaningful discussions and helping you ensure the long-term success of the fund. 

When you are ready to take the next step, Texas Capital Private Bank is here to help. Within our personalized service, comprehensive financial solutions and local advisors who live and work in your community, we are uniquely positioned to be your trusted partner in philanthropy. My name is Justin Ward, and as a Financial Planner and Philanthropic Strategist at Texas Capital Private Bank, my team and I are ready to connect and explore how we can help meet your philanthropic objectives while reducing your taxes. Let's start the conversation.