Charitable Gifting

Charitable gifting can provide tax advantages while allowing you to help the ones you love and the organizations you favor. You can help others today and in the future. There are many gifting options and strategies, and proper planning and advice is crucial in having the biggest impact while receiving the maximum tax benefits.

Outright Giving

Outright gifts are often called direct or "checkbook" giving and remain the easiest way to give. You choose which groups will receive your contribution(s), the amount(s), and the timing.

Gifts of Life Insurance

Gifting a life insurance policy is a relatively straightforward charitable gifting strategy that allows for a large benefit at a relatively low cost. There are several ways to accomplish this including: transfer of an existing life insurance policy, wealth replacement via life insurance (such as ILITs), or an approach known as maximum gift.

Charitable Remainder or Lead Trusts

There are a number of charitable remainder trust structures, known as CRTs, CRUTs, CRATs and CLTs. These strategies utilize an existing asset that is donated and becomes the foundation of an income-producing portfolio. The timing of cash flows and final disposition of the assets depend on the structure that you choose.

Private Foundations

Private foundations are legal entities that treat your individual philanthropic goals as their primary mission. A foundation is best suited for significant ongoing gifting efforts as it is a relatively involved process that requires a significant amount of time, resources, and planning. There are stringent rules and regulations associated with private foundations, including distribution requirements and excise taxes.

Donor Advised Funds

Donor advised funds (DAFs) offer many of the benefits of a foundation without the work and time commitment. DAFs are sponsored by a charitable organization, which can reduce initial and ongoing management costs while allowing you to maintain a voice in grant making decisions.