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 …
How Estate and Gift Taxes Can Impact Your Financial Plan
Tom Fridrich, JD, CLU, ChFC®, Manager and Senior Wealth Planner Giving something you own to someone else. It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. But when does gifting become a tax issue? What do you need to consider about gifti …
Why You Might Need a Power of Attorney
Have you thought about your legacy? We highly recommend that you appoint a trusted family member or friend as your power of attorney (POA), giving them the ability to help with your financial or health needs, should an unfortunate event occur in your life.
Creating a Charitable Endowment: Long-Term Support Strategies for Your Causes
There are many options for charitable giving, including simple one-time gifts or annual checks to your favorite causes. But you might consider increasing your impact by setting up a structured, long-term philanthropic plan such as an endowment. What Is an Endowment? An endowment is a por …
7 Tips to Successfully Transfer Wealth to Your Kids
70% of family wealth is lost by the end of the second generation and 90% by the end of the third. Get our step-by-step guide to help you successfully pass your wealth to the next generation. Download Guide
Evaluating Charitable Organizations: How to Choose the Right Partners for Your Giving
Often, success motivates us to give back to the world in a positive way. You may have a cause in mind that you want to support, or you may be looking for just the right fit. In either case, you want to be sure that the organization(s) you choose to support are legitimate and set …
Knowing When to Update Your Estate Plan
From the family tea set to the most complex estate, transferring wealth is quite common. What’s less common, but just as important, is outlining a specific plan for this transfer and updating it as circumstances change.
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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.
