Rather than using a conventional portfolio rebalancing strategy of selling stocks and buying bonds, 2021 is an ideal year for your clients to transfer out-of-balance and highly appreciated investment holdings in taxable accounts to a donor-advised fund.
If your client is managing a small private foundation, a donor-advised fund may be a simpler, less expensive solution. Learn about one local family's experience with converting their private foundation into a donor-advised fund, and how they plan to continue their legacy of giving in the community.
The next time you have a client thinking about selling appreciated property, consider suggesting a charitable remainder trust. This technique could secure an income stream for the rest of your client's life, while satisfying their charitable goals and capitalizing on the property’s high value.
Our experienced team at Akron Community Foundation stays on top of tax cases, IRS rulings and legislation that could impact the advice you provide your clients on matters involving charitable giving. Read on for a few current highlights and reminders we recommend you skim.
Your clients can maximize the benefits of a charitable remainder trust by coupling it with a donor-advised fund at Akron Community Foundation. By naming their donor-advised fund as the beneficiary of the trust, your client gains the flexibility to recommend grants to a variety of causes without the hassle of amending the terms of the trust. Your client's family can also be involved in continuing their charitable legacy by serving as successor advisors to the fund. Contact us to learn more.
