Get resources and tax-smart giving strategies to help your clients achieve their goals through philanthropy
Winter 2022
Dear Advisors,
We’re honored to work with so many attorneys, accountants and financial advisors who are committed to helping their clients achieve their philanthropic goals. Every day, we are inspired by donors who tell us how grateful they are for the strong relationship between you, as their trusted advisors, and our team, as a trusted source for community knowledge and charitable gift planning.
In that spirit, we publish this quarterly newsletter to help you stay current on the charitable giving topics that matter most to your philanthropic clients, including tax developments that impact charitable giving. Our goal is to provide you with helpful resources that add value to your work.
As always, we’re available to answer your questions about philanthropy or to schedule a personal consultation with you and your clients – all at no cost.
Laura Lederer
Senior Director of Development & Advisor Relations
Building a solid estate plan can help clients feel confident that their assets will be taken care of long into the future. Learn how one local attorney helped a couple in a unique situation create a legacy that will support music enrichment and animal welfare programs in Greater Akron forever.
Designated and field-of-interest funds may not always be top of mind when you are creating philanthropy plans for your clients, but they can be extremely valuable tools. Perhaps one of the most compelling reasons is that clients can take advantage of qualified charitable distributions with these funds.
Last year’s heavily-debated versions of the Build Back Better Act called for tax increases that could have impacted charitable giving. But the legislation that is eventually passed may bear little resemblance to earlier iterations. We're here to help you stay up to date on the latest developments.
Profits aren’t the only priority for most family businesses. In fact, the vast majority of family business owners report that factors such as culture, community, charity and values also play an important role in their success. As you advise business owners, consider asking these key questions.
More than $84 trillion is projected to be handed down in what may be one of the largest intergenerational transfers of wealth in history. When advising older clients, an important part of the conversation will be to determine the best charitable giving vehicles to achieve your clients' goals.
Private family foundations can use their 5% annual distribution to create a donor-advised fund at Akron Community Foundation. By creating a companion fund, private foundations receive complimentary access to the services available through our Center for Family Philanthropy, including multigenerational family meetings, strategic grantmaking support, and connection to our network of philanthropic leaders. Contact us to learn more.
