How does a Charitable Savings account work?

A Charitable Savings Account operates through a straightforward process designed to maximize your charitable impact while offering financial benefits. Here's how it works:

1. Tax-Deductible Contributions: Your journey begins with a tax-deductible contribution to your Charitable Investment Account. This initial step can be a key component of your financial planning, allowing you to benefit from the full value of multi-year giving, especially in years of higher income tax liability. Contributions align with your philanthropic aspirations while offering immediate tax advantages. 
    
2. Tax-Free Growth:

   • At funding, you’ll select your investment option and then confirm and submit the transfer.

   • You may choose the American Cancer Society Support Shares of Government Money Market Fund (ACDXX), which focuses on capital preservation and low-risk diversification of government instruments. Janus Henderson will donate an amount equal to half of its management fees for all assets under management from the Fund.*

   • You may also choose from one of three Global Allocation Funds, each offering different investment approaches:
     Conservative (JMSCX): 30–50% equities, 50–65% fixed income, 0–20% alternatives
     Moderate (JNSMX): 45–65% equities, 30–45% fixed income, 5–20% alternatives
     Growth (JNSGX): 70–85% equities, 10–25% fixed income, 5–20% alternatives

   • You can move your balance among these options later, subject to processing times and applicable policies.

   • Any investment earnings grow tax-free within your account, potentially increasing the amount available for charitable giving.
     
      

3. Self-Directed Giving: One of the most empowering aspects of Charitable Investment Accounts is the ability to choose where your contributions go. You have the freedom to select your preferred nonprofit organizations from millions of options globally. This ensures that your philanthropic vision is realized exactly as you envision it.
   
    
4. Streamlined Giving: When you're ready to make a donation, the process is designed to be efficient and straightforward. Your Charitable Investment Account facilitates streamlined disbursement, ensuring your donations reach your intended charities as quickly as possible. You can make donations in any amount and at any time, offering flexibility to align with your giving strategy.

Throughout this process, we provide the necessary tools and support to help you manage your account, track your giving, and maximize your philanthropic impact. This approach combines the benefits of strategic financial planning with the fulfillment of realizing your charitable vision.