'TIS THE SEASON: TAXES AND GIVING O.K., so you're not Bill Gates, and you don't have a charity named after you. But you could start a "poor man's foundation." Such charities, better known as donor-advised funds, allow investors to make irrevocable contributions with relatively low minimums. Generally, these funds pool donations into portfolios; the donor then "advises" the fund on how to spend the money. And if you start one before Dec. 31, you can take the tax deduction--typically up to 50% of your adjusted gross income for cash gifts and 30% for appreciated properties, such as stock--on your 2000 return....
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