Your clients have worked hard to establish their charitable giving goals, and having a succession plan for their donor-advised funds is one way for them to pass those assets on to their heirs or charitable organizations. Many donors choose to involve their children and grandchildren in their giving, creating philanthropists for future generations. If charitable giving is a part of …
Your clients rely on you for devising tax strategies that are advantageous to them, not only this year, but also for years to come. Having worked with advisors for more than 40 years, we know that charitable giving can be an essential component of a client-favorable tax strategy. It involves establishing a donor-advised fund and determining if bunching multiple years’ …
According to Giving USA, charitable giving in the U.S. amounted to a record-breaking $471.44 billion in 2020. But, donors are not using cash or their checkbooks alone to make their donations to charities. Instead, the statistics show donors are supporting nonprofit organizations via grants from their donor-advised funds. National Philanthropic Trust’s 14th annual 2020 Donor-Advised Fund Report published statistics supporting …
Rockefeller Foundation, Ford Foundation, The Gates and Sam Walton are some of our country’s great philanthropists. Their giving was built on the growth of their charitable assets via private foundations, not on their big checkbooks. Today, your last name doesn’t have to be synonymous with the ultra-wealthy to have a charitable giving account. Anyone can be a philanthropist using a …
We’re helping our donors make the most of their giving as the holiday giving season approaches. Here are a few deadlines to keep in mind: Publicly traded securities can take up to two weeks to process. We suggest initiating the contribution by Dec. 13 and notifying us at investmentteam@greaterhorizons.org. Assets must be received by Dec. 31. For wire and …
Rebalancing your portfolio is a disciplined strategy that consists of selling and reallocating assets. The rebalancing process is an opportune time to keep your favorite nonprofit organizations in mind. Establishing a donor-advised fund, or a charitable giving account, has many benefits: Charitable Investment Accounts Take Complexity Out of Giving If you’re thinking about giving to charitable organizations but want to avoid …
As your clients’ advisor, you work hard to earn their trust. They come to you for guidance and advice, and when your clients set their sights on creating their charitable legacies, you want to be their first point of contact. While charitable solutions may not be your area of expertise, Greater Horizons has philanthropic advisors and charitable solutions you can …
Philanthropic experts Sharna Goldseker and Michael Moody join Senior Philanthropic Advisor Gwen Wurst on the Grow Your Giving podcast to discuss how younger generations are approaching philanthropy and how families can navigate multigenerational giving. Sharna and Michael are co-authors of the bestselling book Generation Impact: How Next Gen Donors Are Revolutionizing Giving. Listen to their conversation online or wherever you …
In part one of a two-part series on year-end giving on the Grow Your Giving podcast, Greater Horizons Vice President and Corporate Counsel Corey Ziegler recently shared five strategies to consider for tax-efficient charitable giving in the last few weeks of the year. Corey discussed the following topics: The CARES Act IRA Qualified Charitable Distributions Bunching Donations in a Donor-Advised …
The Tax Cuts and Jobs Act signed into law at the end of 2017 has made many significant changes to both corporate and personal tax laws. These changes, including the nearly doubling of the standard deduction for both individuals and couples, has many contemplating how they can still take advantage of the tax benefits associated with charitable giving. Charities that …
