Tifin Give, the philanthropy-focused subsidiary of fintech giant Tifin, has introduced a new feature to help advisors provide more tax-efficient philanthropic planning services for their clients in retirement.
On Tuesday, Tifin Give announced the launch of a single-charity fund feature on its philanthropic planning platform, offering financial advisors an additional tool for tax-efficient giving strategies.
The platform now allows users to see and use their donor-advised funds and single-charity funds from one unified dashboard, giving them greater flexibility in structuring charitable contributions.
"This capability was developed to address a common challenge we have heard from advisors – helping high-net-worth clients manage required minimum distributions while optimizing tax-efficient charitable giving," Blake Rohde, chief experience officer at Tifin Give, said in a statement.
The addition is designed to help advisors support clients who must take required minimum distributions from their IRAs. While the rules around RMDs can be particularly thorny, one thing that's clear is they kick in at age 73. RMDs can also increase taxable income, which pushes many retirees into a higher tax bracket and impact their ability to avail of much-needed deductions.
Qualified charitable distributions give IRA holders some much-needed breathing room. By allowing them to transfer up to $108,000 annually to a nonprofit, QCDs can help retirees meet required minimum distributions without expanding their taxable income footprint.
Donor-advised funds have emerged as a preferred vehicle for charitable giving among philanthropic investors looking to limit their tax exposure. Donors on the Vanguard Charitable platform made a record $3.1 billion in grants to more than 62,000 nonprofits in 2024, while over at DAFgiving360, grants reached $7.7 billion. According to the National Philanthropic Trust, grantmaking through DAFs rose at a compound annual growth rate of 17.8 percent from 2019 to 2023.
While DAFs are the fastest-growing vehicle for tax-efficient charitable giving, they're not eligible for QCDs. The same goes for private foundations and supporting organizations. According to Tifin Give, single-charity funds offer an alternative by permitting earmarked contributions for a specific nonprofit while maintaining investment flexibility similar to a donor-advised fund.
With an estimated $18 trillion expected to flow to charities as part of the broader great wealth transfer, advisors are increasingly incorporating philanthropy into their clients' wealth management strategies.
"By integrating single-charity funds into Give's donor-advised fund platform, we provide advisors with a streamlined solution that simplifies strategic philanthropy, strengthens client relationships, and aligns retirement and giving goals within a comprehensive wealth management strategy," Rohde said.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
