Charitable Giving
Turn Your Values into a Lasting Impact
What is Charitable Giving?
Various solutions allow individuals and families to structure their lifetime giving and designate their gifts at death in a way that maximizes the benefit to their families and the causes that are important to them. Many of our clients have come to see family philanthropy as a way to instill values in the lives of a younger generation of family members.
Tools Used for Charitable Planning
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Lifetime and Testamentary Charitable Gifting Strategies
- Non-Profit Corporations
- Family Foundations and Supporting Organizations
- Donor Advised Fund
Frequently Asked Questions
How does a Charitable Remainder Trust work?
A Charitable Remainder Trust (CRT) allows you to donate appreciated assets, receive a tax deduction, and generate income for yourself or others for life or a term of years. After that, the remainder goes to charity.
What are the advantages of selling an appreciated asset in a Charitable Remainder Trust?
You avoid immediate capital gains tax, receive a charitable deduction, and convert the asset into a lifetime income stream. This is especially valuable for clients selling farmland, timberland, or closely held businesses.