Author Topic: Looking to Open Charitable Trust and Seek Guidance  (Read 287 times)

Ed Mills

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Looking to Open Charitable Trust and Seek Guidance
« on: September 27, 2017, 05:20:01 AM »
Hello Mustachians,
I'm looking to open a charitable trust in a year or two, but this is new territory for me.  It seems that Vanguard, Schwab, and Fidelity all charge 60 basis points to manage the accounts.  All three seem to offer great low-cost investment options.  Are there any other companies that I should look at?

I'm thinking about making my charitable contribution in conjunction with a big Roth IRA conversion (about $50k-75k).  How would this work on my taxes?  I'd love to see a sample 1040 illustrating how this works, so if you know of any good links, thanks! 

One last question:  Would IRA funds be eligible for a 50% deduction or 33%.  I notice something about cash or cash equivalents receiving the 50% rate.  Could I move some VTSAX to a money market and then make the contribution and get the 50% deduction.  Thanks for you help, Ed   
Became a SWAMI at age 45 and took first break from teaching at age 48.  Not bad for a guy with no car and a net worth of -$45k at age 33.  Now selfishly-employed educator who blogs at:  The Millionaire Educator / $500k in 4.5 Years / My Trillionaire Plan / 2017 Free Money!