Charitable Planning

When it comes to contributing to the betterment of society, it's natural for individuals to want to have some sense of control over where and how their hard-earned money is being utilized. While paying taxes to the U.S Treasury is an inevitable requirement, donating to charitable foundations provides individuals the chance to directly influence where their money is allocated and how it will eventually be utilized for the greater good. Through charitable gifts, donors gain the peace of mind of knowing that their money is going towards a specific cause or organization, and they have the opportunity to witness the tangible impact of their contribution. Our team believes in practicing good stewardship and aiding clients in making donations in the most efficient manner possible that not only benefits their philanthropic goals, but also aids in providing tax benefits.

• A charitable remainder trust or a charitable gift annuity will give you an immediate income tax deduction, a lifetime stream of income, and a waiver of capital gains taxes owed on contributed property.
• A charitable lead trust creates an income stream to charity for a term of years with the remainder of the trust going to your children without any estate or gift tax consequences.
• A private foundation offers you the considerable freedom to control amounts given by placing restrictions on how your gifts are used by charities.
• A donor advised fund allows you to maximize your income tax savings on your regular monthly or weekly contributions to church or charities.