Charitable giving

Charitable giving can serve as an effective tool in your overall wealth management strategy. Making philanthropic donations may be an attractive alternative to dealing with a large, appreciated portfolio of securities. In this section, we detail the approaches that an individual or family should consider.

Supporting charities and transferring wealth can complement a family’s wealth management strategy.

Charitable structures

There are a number of commonly used charitable structures, and each carries different tax and non-tax implications, which need to be taken into careful consideration. No charitable strategy should be undertaken without an understanding of its impact on your current and long-term needs. Types of charitable structures discussed more detail in this section include:

  • Public charities
  • Community foundations
  • Donor-advised funds
  • Private foundations
  • Supporting organizations
  • Non-tax-exempt LLC

Charitable giving strategies

Ideally, charitable giving strategiesIdeally, charitable giving strategies and wealth transfer objectives are created in tandem. In that way, they complement each other in an overall wealth management plan while benefitting society in the process. Many individuals have found that the latter accomplishment is among the most rewarding aspects of managing their family’s wealth. and wealth transfer objectives are created in tandem. In that way, they complement each other in an overall wealth management plan while benefitting society in the process. Many individuals have found that the latter accomplishment is among the most rewarding aspects of managing their family’s wealth.

Contact us

Rich Wagman
Principal
Tel: +1 (678) 419 3104
Email

Mike Ryan
Managing Director
Tel: +1 (305) 381 7649
Email

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