If your client's private foundation has become too burdensome or expensive, consider a donor-advised fund. This popular solution offers legacy and family involvement without the legal, financial and administrative hassles of a private foundation.
Before your clients ring in the new year, make sure they have maximized their charitable giving for 2021. Gifts made to a charitable fund by Dec. 31 will earn them a tax deduction for the current year while supporting the causes they love for years to come. Here are five tips to help you start the conversation.
The recently released $1.75 trillion revenue package has put to rest some of the uncertainty about how tax reform could upend wealth planning strategies (at least for now). However, if you represent high net worth clients, consider these five ways the proposed legislation could still pack a punch.
When discussing business succession plans with your clients, consider the benefits of donating a portion of their business interests to charity. In addition to minimizing the client's tax liability, this strategy also allows them to give back to the communities where their business has flourished.
Clients who establish a donor-advised fund at Akron Community Foundation can receive the same level of recognition for their grants as those made from a private foundation. Donors can name their fund in honor of their family or business, and all grants will be attributed to their fund in perpetuity. This is an excellent way for your clients to leave a lasting legacy without the legal, financial and administrative hassles of a private foundation. Contact us to learn more.
Akron Community Foundation makes charitable giving easy. Learn more with our free year-end giving guide:
