How to Establish a Private Family Foundation for Strategic Giving
If you’re looking for a way to structure your charitable giving to optimize the benefits for your family and your favorite causes, a private family foundation may be an option to consider. Although they can be complex to establish, they provide significant tax benefits, the ability to exerc …
Charitable Trusts: Maximizing Potential Tax Benefits and Philanthropic Impact
If charitable giving is a significant part of your estate plan, it’s essential to choose a donation structure that fits your resources and goals. Trusts can be effective ways to provide for yourself or your family and help potentially reduce taxes while maximizing support for the causes you …
What Does an Executor of an Estate Do?
Planning for the future isn’t just about creating a will or setting up a trust (though that’s a good start). It can also be about helping to ensure a trusted individual carries out your wishes once you’re gone. This person, known as the executor of the estate, plays a critical role in manag …
Is a Donor-Advised Fund for Charitable Giving a Good Fit?
A donor-advised fund (DAF) is a charitable giving account that can play a valuable role in a charitable giving strategy—popular for its tax efficiency, flexibility, and simplicity. This resource can help you determine if a DAF could be worth considering as a useful addition to your overall …
Charitable Giving Strategies in a High-Income Year
The end of the year offers an ideal opportunity to look both forward and backward—reflecting on recent achievements while setting goals for the upcoming months. For many people, it’s also a time to review their finances and identify charitable moves that can help lower their tax bill. If y …
Including Charitable Giving in Your Financial Planning
If you’re interested in making a lasting impact for the causes that matter most to you, you may want to include charitable giving in your financial plan. In this on-demand webinar, Carson’s Heather Zack, Private Client Services – Solutions Strategist, will share information about charitable …
How Can I Donate in the Most Efficient Way Possible?
There are countless ways to give—from dropping off your old couch at local donation center to volunteering at the local soup kitchen. When it comes to monetary gifts, it’s worth thinking through how to give in a way that both supports your values and helps maximize tax savings.
How Does a Charitable Remainder Trust Work?
If you’re looking for a way to give back long-term without hurting your current financial security, a charitable remainder trust (CRT) may provide a win-win opportunity. CRTs let you support your favorite cause while also creating a stream of income for yourself or your loved ones. When you …
Peanut Butter Approach: Maximize Your Charitable Impact Through Strategic Philanthropy
The so-called “Peanut Butter Manifesto” written by a Yahoo! Executive in 2006 gave us a term that hasn’t worn thin yet. The “Peanut Butter Approach” is a derisive term used in business to describe spreading anything – money, energy, time – too far and too thin to be effective or useful.
The Role of Technology in Modern Charitable Giving Strategies
The digital revolution has affected nearly every activity we engage in. Philanthropy is no exception. Although sophisticated tech solutions have been slower to reach the nonprofit world than some other sectors, their arrival was inevitable. Today, they can help make charitable giving a simp …
Charitable Giving: Helping to Ensure Compliance and Maximize Impact
The Growing Role of Philanthropy in Wealth Planning People today are more interested than ever in finding ways to align their long-term financial goals and their personal values. According to a report from the consultancy Altrata, charitable contributions from ultra-high net worth individua …
COMPLIMENTARY RESOURCE
A Guide to Gifting to Your Heirs
Gifting to your loved ones now or posthumously each carries their own positives and negatives as they relate to your estate plan, taxes, your goals and your legacy.
