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.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
