When meeting with high-net-worth clients and prospects, they increasingly expect that philanthropy will be included as a topic of discussion. This guide provides an overview of five methods of charitable giving. It is intended to help you understand which approach might be best suited for your clients’ financial and philanthropy goals.
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This guide will help wealth and legal advisors identify those scenarios where a private foundation may be the right solution for their clients’ planning needs. It looks at investment planning, tax and estate planning, and charitable planning. These scenarios are covered at a high level and are not intended as investment, tax, or legal advice.
In addition to the many philanthropic and charitable reasons a donor might have for establishing and funding a private foundation, there are also short-term and long-term tax benefits to consider.
When faced with a high-income year, establishing a private foundation can reduce your taxes and provide other valuable benefits.
There are circumstances in which donations of real estate to a private foundation make sense, both for the foundation and the donor, as outlined in this article.
Important factors to consider in advance of the contribution.
If you are charitably minded, but would like more control over your charitable contributions and want your charitable impact to extend past your death, setting up a private foundation can be an important part of your estate planning.
The allowable income-tax deduction for a gift to a qualifying charitable organization depends on a number of different factors, as […]
If you have charitably inclined clients who have highly appreciated securities, a bull market could be the ideal time for […]
If your client is selling a family business, you can help her optimize the tax savings while giving back!