In a recent webinar, our Chief Legal Officer Jeffrey Haskell shared some charitable giving tax benefits 101, highlighting the tax benefit basics for effective philanthropic planning. He also discussed common considerations and practical strategies for maximizing the impact of charitable dollars through tax-efficient planning.
As a follow up to this presentation, we’re pleased to share our annual tax benefits guide. This thoughtfully curated collection was developed in partnership with our legal and philanthropic experts and offers practical, timely resources designed to support more informed, tax-efficient charitable planning.
Whether you’re a donor shaping your philanthropic legacy, a nonprofit seeking to better understand donor strategies, or an advisor helping your clients with holistic wealth management, these resources uncover the tax benefits of today’s popular charitable vehicles: private foundations, donor-advised funds (DAFs), and planned gifts.
Inside The Guide:
For Private Foundations:
- Tax Benefits of a Private Foundation
Foundations offer four attractive benefits to donors that can mitigate income, capital gains and estate taxes. - 4 Tax Benefits of a Private Foundation
For HNW individuals who have a strong charitable interest, private foundations offer an opportunity to save in taxes while creating a lasting philanthropic legacy. - Advanced Tax Strategies for Private Foundations
Six sophisticated strategies for private foundations to reduce tax liability and preserve the value of their endowments. - The 990-PF: How to Reap Savings and Avoid Pitfalls
We’ve reviewed and prepared thousands of private foundation tax returns – here’s what we’ve learned. - Unrelated Business Taxable Income (UBTI) for Private Foundations
Learn more about the implications of generating excessive UBTI from activities, investments or assets in a foundation. - The Conduit Election
This annual election offers two key tax advantages for contributions – higher AGI caps and an FMV deduction for certain appreciated assets.
For Private Foundations:
- For Planned Giving Programs:Gifts of Silver and Gold
Most charitable gift annuities (CGAs) have been funded by cash donations. But in some cases, donors prefer to use appreciated securities to establish their CGAs. This alternative approach makes sense from a financial and tax perspective, but what happens when the donor wishes to establish a gift annuity using holdings of silver or gold? - Charitable Lead Trusts: Not Just For the Super-Rich
There can be significant tax benefits for certain donors in establishing CLTs, but there’s more than meets the eye behind them.
For Donor-Advised Funds:
- Charitable bunching – a strategic way to give more
By timing your charitable donations strategically, you can maximize your tax deductions and give more to the causes you care about. This guide walks you through the charitable bunching strategy and how a donor-advised fund makes it simple to put it into practice. - Giving and Taxes 101: How and When Charitable Giving Is Tax-Advantaged
Learn the basics of tax-advantaged charitable giving, including income tax deductions, itemizing vs. taking the standard deduction, deduction limits, and more.
Questions in the meantime?
We’re always happy to talk about your goals! Contact us or call us 800-839-0054. Together, let’s #begiving.
