Sale of a Business or Property:
How great would it be to sell your business/property, create a community impact, and save on taxes! There are many great tools that can be used to save taxes on a sale of a business including a Charitable Remainder Trust, Charitable Lead Trust, and a Donor Advised Fund.
Income:
Managing your tax bracket can save you a lot in income taxes. Looking at allocating 10% of your income can make a huge impact today for the causes you care about.
Donor-Advised Funds:
A DAF can be used like a family foundation without all of the headaches. Make a charitable savings account for your family, invest the money and grant the funds whenever you like, and however you choose, to qualified charities. What a great way to create meaningful family meetings with purpose and get a deduction today.
Charitable Gift Annuity:
Many people use annuities to fund their retirement through insurance companies. Why not use a charity instead? Donate funds to a willing charity and they will guarantee payments to you for the rest of your life. There may even be some tax savings involved.
Charitable Remainder Trust:
Did you know you can sell a business or property tax-free, make income off of it for the rest of your life, get an income tax deduction today for a future gift to charity, and save estate taxes? The economic benefit of keeping your money working for you and growing it in a tax-free environment is substantial and you can leave a meaningful gift to an organization or your Donor Advised Fund.
Charitable Lead Trust:
Rather than give a large contribution today, some people want to keep their money and give the charities the income or growth of allocated funds. With a Lead Trust, you can get a deduction today for your future annual contributions. There are creative ways to use this type of trust to meet your legacy goals.