5. Consider opening a donor-advised fund
When you decide to put your hard-earned money and other valuable assets like properties and collectibles in a donor-advised fund, you will be able to deduct the whole contribution made in a year.
Financial-services firms like Schwab Charitable and Fidelity Charitable are two of the best options when it comes to opening a donor-advised-fund. Community foundations are great choices too.
So, if you’ll contribute a big chunk of money this year, you will most likely raise your deductions above the standard deduction amount of money, allowing you to itemize.
