Charitable Giving
As family wealth accumulates and needs are met – many affluent families begin to think outside themselves to how they can leave the communities they live in a better place, help others and/or create a family legacy. It is also an important component of a family’s wealth strategy to consider how expressions of charitable intent may provide income, capital gain and estate tax benefits. The Hollander Group and Baird’s Family Wealth Strategists can help you and your family navigate these decisions and put a plan in place to meet your goals.
Family Foundations
Higher net worth families often choose to establish their own private foundation to receive cash gifts, appreciated assets and distributions from their charitable trusts.
Charitable Trusts
Used by many people who intend to make gifts to charity, but wish to retain a stream of income for their lifetime or a designated period of years.
Donor Advised Funds
For individuals and families with strong charitable inclinations, donor-advised funds may provide many of the same grant-making and tax benefits of a private foundation, but without the operating expense and
administrative burden of creating and running a private foundation.
Qualified Charitable Donations
Charitable gifts made directly from an IRA can provide added tax benefits for many taxpayers, but they aren’t right for everyone.
Gifts of Appreciated Assets
Instead of making cash gifts, you can avoid paying capital gains tax on the appreciated
value of your assets and receive a tax deduction of up to 30% of your Federal AGI by making a gift of appreciated stock directly to your favorite charity.
Other Gifting Strategies
- Outright Cash Gifts
- Insurance Policy Gifting
- Pooled Income Funds
- Charitable Gift Annuity