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Starting the Charitable Conversation...
...Here are some typical scenarios, which can lead to a charitable conversation:
Year-end tax planning. Your client just earned a large bonus and wants to give a portion back to the community, but has no time to decide on the most deserving charities.
- Recommend establishing a Donor-Advised Fund for an immediate tax deduction, and the ability to stay involved in recommending uses for the gift for years to come.
Preserving an estate. Estate planning identifies significant taxes going to the IRS, but your client wants to direct dollars for local benefit.
- Recommend a charitable bequest or other planned gift to your client’s taxable estate while creating a legacy of caring in the community.
Retiring in comfort. Your client is concerned about having financial resources during his/her lifetime, but has always been charitable.
- Recommend establishing a lifetime income gift (i.e. charitable remainder trust) that pays income potentially for life. After your client’s death, the gift will support causes consistent with his/he charitable wishes.
Establishing a private foundation. Your client is thinking about establishing a private foundation, but is looking for a simpler alternative.
- Recommend creating a Donor-Advised Fund for maximum involvement and flexibility with their giving... or establishing an Affiliate Foundation with its own autonomous board and grantmaking discretion. CCF manages the assets and provides staff expertise as needed.
Closely held stock. Your client’s personal net worth is primarily tied up in a closely held company, but he/she wants to give back to the community.
- Recommend a Donor-Advised Fund or planned gift. Your client is eligible for a tax deduction measured by the fair market value of appreciated stock (less any planned gift value).
Sale or disposition of highly appreciated stock. Your client has appreciated stock and wants to use a portion of the gains for charitable giving, but the identified charities are too small to accept direct stock gifts.
- Recommend creating a fund with the stock. Your client will receive a tax deduction on the full market value, while avoiding the capital gains tax that would otherwise arise from sale of the stock. Your client may then recommend grants from the fund to his/her favorite charities.
Sale of a business. Your client owns a highly appreciated stock in a company that is about to be acquired.
- Recommend a charitable or planned gift at CCF which will help you client reduce capital gains and benefit the community.
Strategic giving. Your client is passionate about helping meet a specific community need and wants to make a meaningful gift.
- Recommend a conversation together with CCF Program staff to learn more about community needs and the nonprofit organizations doing the best work in order to make your client’s giving effective and meaningful.
Substantial IRA/401(k) assets. Your client has substantial assets in retirement accounts and wants to leave his/her estate to community and family.
- Recommend that you and your client have a conversation with CCF Development staff to determine the most the most beneficial asset distribution to minimize taxes; maximize gifts to heirs and preserve charitable intent.
Consider us your charitable information resource. Call (843) 723-3635
Give Back. Look Forward.
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David Matthews worked with three professional advisors to find the best way to benefit himself and his favorite charities when he transferred his business.
Working Together:
Advisor Partners
Starting the Charitable Conversation
Charitable Funds
Charitable Assets
Charitable Instruments
Bequests
Consider us your charitable information resource. Call us anytime at (843) 723-3635.
Download the following PDF information sheets to help with the conversation.
Related Content:
Clients who should know about CCF (PDF)
Giving Advice (PDF)
How can I recommend… (PDF)
Is giving through CCF right for your clients (PDF)
Three reasons to give through CCF (PDF)
Deciding to Give (PDF)
10 reasons to discuss philanthropy (PDF) |
