Estate and Gift Taxation
Charitable contributions that are included as part of the estate plan (per the will) can be listed by the executor on the estate tax return as a charitable deduction from the adjusted gross estate. For most charitable contributions made to donor advised funds, trusts, annuities or other types of charitable investment accounts, the individual is given a partial tax deduction based on the present value of the retained interest. This is done because most of these programs still provide some type of benefit to the donor or the donor's beneficiaries, thus it would not be considered a full outright gift to the charity.

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