Discussing Charitable Giving

A hand holding a key reaches towards two outstretched and cupped hands.

Charitable giving can be a powerful tool to help clients realize their legacy goals and plan for their retirement. Foundation staff work with you to establish clients’ individual charitable goals and administer the tools necessary to reach them.

There are many reasons to discuss charitable giving with your clients. Below are just a few.

Retirement Planning
Your client is not realizing sufficient income from the appreciated assets he or she has accumulated. We can work with you to help your clients use charitable gift annuities or charitable remainder trusts to achieve their charitable objectives while preparing well for retirement.

We can help evaluate the most beneficial asset distribution to minimize taxes, providing more to your clients' heirs and still achieving significant charitable objectives. For example, it is usually more tax advantageous to give retirement assets to charity and other assets to heirs. Income and estate taxes often can lessen the value of an IRA or other retirement assets left to an heir.

Leaving a legacy
Your client is interested in leaving a legacy. There are significant tax advantages your client can achieve by including a charitable provision in his or her estate plan. A bequest can create a fund that will contribute forever to causes that are important to them. We can help your client identify his or her charitable goals and help you maximize the tax benefits of the bequest.

Private Foundation Alternatives
Your client would benefit from establishing a private foundation or currently has a private foundation but lacks the time to oversee its administration. We can help you and your client consider simpler, more cost-efficient alternatives, such as donor-advised and field-of-interest funds or operating as a supporting organization.

Sale of a business 
Your client owns highly appreciated stock in a company that is about to be acquired. We can work with you to structure a charitable gift using planned giving techniques to reduce capital gains tax and maximize his or her contribution to favorite charitable causes.

Year-end tax planning 
Your client has received a bonus or his or her business experienced extraordinary profits. He would like to share that good fortune with his community or favorite cause, but there is little time left in the year. We can help you discuss a donor-advised fund that would enabling your client to realize an immediate tax deduction and the opportunity to seek advice regarding the most effective use of his charitable assets. Decisions about grant-making can be done at a later date.

Appreciated stock
Your client owns appreciated stock and is willing to consider making a charitable gift. We can help you discuss options that provide a tax deduction for the full market value and avoid capital gains tax on the sale of the stock. Stock may also be used as gift property.

It is our mission -and our expertise- to help you and your clients identify and customize charitable solutions that meet their ideals as well as their estate, tax, and other financial needs.


Contact your Community Foundation staff at: (860) 626-1245 to discuss your clients' charitable giving options and goals.