AIM does not provide tax advice and encourages you to consult your tax professional to determine the best strategy for your specific financial situation.

Please contact us if you are interested in learning more!

Our Tax ID # is 46-4998131

AIM - 2303 RR 620 S #160-136 - Austin TX 78734

Donating Appreciated Stock

By gifting assets you have held for more than one year and that have increased in value, you may be able to deduct their full fair-market value and avoid paying capital gains on the appreciation.

AIM is set up to accept stock donations to our brokerage account. Contact us for the details.

Using a Donor Advised Fund (DAF)

Making Qualified Charitable Distributions from an IRA

If you are age 70 ½ or older, you can transfer up to a certain limit directly from your traditional IRA to AIM. The distribution is not included in your taxable income and counts toward satisfying your Required Minimum Distribution (RMD) if you are age 73 or older.

Interested in making a qualified charitable distribution? Contact us for the details.

A DAF is a charitable investment account. You are able to contribute assets to the fund and be eligible for an immediate tax deduction in that year. The funds can then be invested for tax-free growth and you can recommend charities over time.

Consult with your investment advisor to set up a DAF. Some popular options include Fidelity Charitable, Schwab Charitable, and Vanguard Charitable. Use the DAF Direct button below if you have a DAF with Fidelity Charitable, DAFGiving 360 or BNY Mellon.

DAF Direct

”Bunching” Charitable Contributions

For those who no longer itemize deductions due to the higher standard deduction, you can consolidate several years’ worth of donations into a single tax year. This larger, one-time donation may push your total itemized deductions above the standard threshold, allowing you to itemize and claim a larger deduction in the year of the gift, and then take the standard deduction in the subsequent years.

Establishing Charitable Trusts

For individuals with high-value assets, charitable trusts can provide an immediate tax deduction while potentially generating an income stream for you or your family for a set period, with the remaining assets eventually going to charity.

Naming AIM as a Beneficiary

You can designate AIM as a beneficiary of a retirement account (IRA, 401(k), etc) or life insurance policy. This removes the assets from your taxable estate and ensures the full value goes to AIM.