Articles of Interest
My Expertise Lies in Making the Philanthropic Journey Straightforward and Impactful
I help you understand the potential of your giving, the types of contributions you can make, and the realistic outcomes of your philanthropy, including any long-term tax benefits. I am committed to answering all your questions and guiding you toward making the most of your charitable endeavors. Philanthropy can often feel like navigating uncharted waters. That’s my role is to be your compass and map, guiding you through the intricacies of charity work. From connecting with the right organizations to understanding legal jargon and strategizing effective support, my years of experience are at your service.
If you’re looking for top-tier philanthropy consulting to make a significant impact in your community and beyond, it’s time to join forces. Let’s embark on this journey together and start making a difference in the world and in your life. Moreover, I recognize that philanthropy is more than just giving; it’s a commitment to positive change. My approach focuses on creating a tailored plan that aligns with your values and goals. I believe in the power of thoughtful giving to transform communities and lives, including your own.
Charitable Vehicles
Charitable Remainder Trusts
To benefit a charity while helping ensure your own financial future, consider a charitable remainder trust (CRT). CRTs, which have always offered benefits to individuals, could become very attractive. Since the appreciated assets that are transferred to a CRT are not taxed, the full value of these assets is available to provide an income to the donor. For a given term, the CRT pays an amount to you annually (some of which generally is taxable).
- When you fund the CRT, you receive an income tax deduction for the present value of the amount that will go to charity.
- The property is then removed from your estate.
A CRT is tax-exempt, it can sell the transferred assets without paying tax on the gain at the time of the sale. It will then invest the proceeds in a variety of stocks and bonds. Although capital gains taxes will be due when you receive CRT payments, but possibly only a portion of each payment will be attributable to capital gains; some may be considered tax-free return of principal.
Charitable Lead Trusts
A charitable lead trust is an irrevocable trust that makes payments to a charitable organization for a set period of time and then transfers the remaining funds to other beneficiaries, such as family members.
- For a given term, the CLT pays an amount to one or more charities.
- At the term’s end, the CLT’s remaining assets pass to one or more loved ones you name as remainder beneficiaries.
- When you fund the CLT, you make a taxable gift equal to the present value of the amount that will go to the remainder beneficiaries.
- The property is removed from your estate.
Donor Advised Fund
A donor-advised fund is a charitable investment account, administered by a third party, for the sole purpose of supporting charitable organizations. When you contribute cash, securities, or other assets to a donor-advised fund, you can take an immediate tax deduction in the year of the contribution. Then make grant recommendations, of all or part of the fund, to support to any eligible IRS-qualified public charity. While you’re deciding which charities to support, your donation can potentially grow, making available even more money for giving.
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