The ABE Charitable Gift Fund: Charitable Giving for Lawyers by Lawyers
In addition to giving back to the legal profession through the unique charitable giving feature in all of the ABE-sponsored insurance plans, the American Bar Endowment makes it easy for ABA members to support the charities they care about most through the ABE Charitable Gift Fund (CGF). Created by attorneys for attorneys, the ABE Charitable Gift Fund offers excellent tax advantages for lawyers, including:
- Federal income tax deductions up to 50 percent of your adjusted gross income for cash gifts
- No capital gains taxes
- An immediate charitable tax deduction up to the current market value of the donation
In addition, an ABE Charitable Gift account is not subject to excise taxes on its investment income. And, when you open an ABE Charitable Gift account, you enjoy virtually no paperwork and few of the burdensome expenses associated with private foundations.
Learn more about the ABE Charitable Gift Fund by exploring the information provided here, or by contacting ABE at 800-621-8981, to discuss your specific needs and charitable giving goals.