OF GIFTING. WE’RE NOT JUST TALKING ABOUT TO FAMILY AND FRIENDS. THERE ARE ALSO A VARIETY OF WAYS YOU CAN UPLIFT YOUR FAVORITE CHARITY DURING THIS TIME OF YEAR. AND JOINING US THIS MORNING IS OUR FINANCIAL EXPERT, CFP AND VICE PRESIDENT AT CAP TRUST, CATHERINE MCCALL. THANK YOU SO MUCH FOR JOINING US. HAPPY TO BE HERE. OKAY. SO AGAIN, WE OFTEN THINK ABOUT, YOU KNOW, CASH BEING KING. BUT DONATIONS CAN REALLY VARY. YEAH. SO THREE REALLY GREAT WAYS TO GIVE TO YOUR FAVORITE CHARITIES THAT DO NOT INCLUDE YOU WRITING A CHECK. OKAY. A DONOR ADVISED FUND, A QUALIFIED CHARITABLE DISTRIBUTION. AND THEN GIFTING. HIGHLY APPRECIATED STOCK YOU KNOW. OKAY. SO MARKET’S UP THIS YEAR. THAT IS A VERY THAT’S A VERY INTERESTING WAY. SO LET LET’S DIVE INTO EACH ONE. SO TALK A LITTLE BIT ABOUT DONOR ADVISED FUNDS. OKAY. SO A DONOR ADVISED FUND IS CREATING A SEPARATE ACCOUNT FROM YOUR NORMAL INVESTMENT ACCOUNTS. YOU’RE DOING A LUMP SUM DONATION IDEALLY OF I APPRECIATED SHARES IF YOU WANT TO. AND YOU GET BASICALLY ONE BIG DEDUCTION IN A SINGLE YEAR. AND THE MONEY GOES INTO THAT SPECIFIC ACCOUNT, YOU CAN INVEST THAT MONEY LONG TERM. THIS IS A GREAT OPTION FOR PEOPLE ON THE CUSP OF RETIREMENT WHO ARE MAYBE EARNING A LOT, HAD A BIG INCOME YEAR. YOU SOLD SOMETHING. YOU WANT TO MAKE A BIG DEDUCTION, BUT THEN YOU CAN DOLE THAT OUT FOR YEARS AND YEARS. YOU CAN GET YOUR FAVORITE CHARITIES SMALLER AMOUNTS EVERY YEAR FOR AS MUCH TIME AS YOU WANT TO STRETCH IT. SO AGAIN, THAT’S ANOTHER GREAT WAY, ESPECIALLY IF YOU’RE ON THAT FIXED INCOME AS WELL. THAT’S RIGHT. THINKING ABOUT THE FUTURE OKAY. SO WHAT ABOUT A QUALIFIED CHARITABLE DISTRIBUTION. YES. SO IF YOU ARE OVER THE AGE OF 70.5, YOU’RE ELIGIBLE TO START DOING THIS. BUT FOR THOSE OF US OVER 73 THAT HAVE TO TAKE A REQUIRED MINIMUM DISTRIBUTION FROM YOUR RETIREMENT ACCOUNT, THAT THAT’S YOUR IRA, YOUR 401 K, YOU HAVE TO TAKE MONEY OUT AT THE END OF BY THE END OF THIS YEAR. IF YOU’RE THAT AGE, YOU CAN FULFILL SOME OF THAT REQUIREMENT BY GIFTING DIRECTLY TO A QUALIFIED CHARITY. SO IF YOU HAD TO TAKE $40,000 OUT OF THE ACCOUNT THIS YEAR AND YOU DECIDED TO MAKE A $10,000 CHARITABLE QUALIFIED CHARITABLE DISTRIBUTION, IT’S AS THOUGH YOU ONLY INCURRED TAXABLE INCOME OF $30,000. SO IT’S REDUCING HOW MUCH INCOME YOU HAVE TO PAY TAXES ON. OKAY. AND YOU GET TO BENEFIT THE CHARITY. OF COURSE. YES. LAST BUT NOT LEAST, APPRECIATED STOCK. I DIDN’T REALIZE THAT YOU COULD ACTUALLY DONATE THAT. THAT’S RIGHT. SO LET’S SAY YOU BOUGHT NVIDIA THREE YEARS AGO AND NOW YOU’RE A MILLIONAIRE AND YOU’RE DOING GREAT. CONGRATULATIONS. A BAJILLION PERCENT RIGHT. YOU CAN GIFT THE INDIVIDUAL SHARES OF THAT TO YOUR FAVORITE CHARITY IF YOU, YOU KNOW, REACH OUT TO YOUR FAVORITE CHARITY, FIND OUT WHAT THEIR BROKERAGE ACCOUNT NUMBER IS. YOU CAN ACTUALLY GIFT THE SHARES DIRECTLY AND GET A DEDUCTION FOR THAT. IT ALSO ALLOWS THEM TO LIQUIDATE IT FOR NO COST, RIGHT? IF YOU HAVE A LOT OF GROWTH IN A STOCK THAT HAS GROWN, YOU KNOW, GANGBUSTERS OVER THE LAST MANY YEARS, IT’S GOING TO BE EXPENSIVE FOR YOU TO SELL THAT YOURSELF BECAUSE OF CAPITAL GAINS. THIS BASICALLY HANDS IT TO THEM. THEY GET TO SELL IT FOR NO CAPITAL GAINS TAXES, AND THEN THEY GET TO BENEFIT FROM THE VALUE OF IT. WELL, DEFINITELY. AGAIN, YOU CAN DEFINITELY FIND DIFFERENT WAYS RATHER THAN JUST DON’T JUST WRITE A CHECK GUYS. IT’S MUCH EASIER. VERY NICE. ALL RIGHT CATHERINE, WE ALWAYS AP