The Charitable Double Benefit

Key Takeaways

  • Give generously, but also give smartly.
  • There are a myriad of tax-advantaged ways to give to organizations and causes you support.
  • Planned giving can get complicated, so consider hiring an estate planner, wealth manager or other seasoned financial professional to help you find the technique that best suits your needs.

Savvy Philanthropy

Doing good for others while doing well for yourself and your heirs 

Key Takeaways

  • Philanthropy is a three-legged stool composed of your money, time and ability. The end goal is to help people out regardless of their ethnic background or religious or political beliefs.
  • More than $335 billion was given to U.S. charities in 2013—with 72 percent coming from individuals.
  • Smart advisors can help you with advice on both formal and informal giving that supports worthy causes—and your tax mitigation goals.

American Gratitude

We’ve always been a generous society; even more so this time of year. Consider the power of a planned giving program before you start writing checks to your favorite causes.

Key Takeaways:                                                            

  • Americans have always been an extraordinarily generous people, especially at year-end–we gave $223 billion to charitable causes last year.
  • One out of three successful Americans has a planned giving program.
  • Planned giving programs take many forms with charitable remainder trusts, foundations and donor advised funds among the most popular.