Private Wealth Management

Thinking Strategically About Charitable Giving

Using charitable giving strategies to enhance the tax-efficiency of your donations plays a vital role in maximizing the impact of your gifts.

Enhancing the impact that you and your family can have in supporting causes near to your hearts requires more than just generosity and good intentions. It takes careful planning and an in-depth understanding of the various vehicles that can be used to facilitate your charitable gifts and the tax laws related to those gifts.

Just as no two families’ philanthropic legacies are identical, the strategies used to achieve these legacies should be carefully crafted to each family’s unique set of goals, resources, time frame, and tax considerations. These strategies must also be designed as an integrated piece of the family’s comprehensive wealth-management plan.

Developing your philanthropic strategy requires answering three primary questions:

    1. How much do you want to give?

    2. Which assets do you want to contribute?

    3. Which charitable giving vehicle(s) will be the most effective and tax-efficient in achieving your goals?

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