Charitable giving strategies tailored to your goals
Avidian Wealth Solutions can work with you and your existing team of attorneys to utilize the planned giving strategies that align best with your charitable visions and tax strategy. These strategies may include one or more of the following:
1. Donor-advised funds
Donor-advised funds act as tax-advantaged, charitable investment vehicles that allow you to personalize your contributions and recommend grants, giving you the freedom to choose how each of your charitable dollars is used.
In comparison to a private foundation, a donor-advised fund gives you:
- Complete privacy access to private donor group “back office” to evaluate the impact of your investing
- Higher deductibility limits
- Extensive experience with large donors
- Access to the largest charities in America through fundraising
- Ability to make complex donations (businesses, real estate, oil & gas, collections, cryptocurrency, etc.) that can be sold without capital gains tax
2. Charitable remainder trusts (CRT)
Charitable remainder trusts allow you to donate highly appreciated assets, like bonds, stocks, or real estate, into an irrevocable trust. This creates an opportunity for donors to give assets to charity while continuing to receive either fixed or variable income from the property.
While this strategy doesn’t necessarily eliminate long-term and short-term capital gains tax, you do receive a tax deduction when you make the contribution and it does allow you to set a payout rate that meets both your financial objectives and your philanthropic goals.
3. Charitable gift annuity
Qualified charities will allow you, the donor, to make a sizable donation in exchange for a fixed stream of income, or an annuity, for an agreed-upon timeframe. Depending on the charity, you can donate everything from cash to securities and other assets. These donations do qualify as partial charitable giving tax deductions and can be an effective way to offset or limit capital gains tax if the charity accepts non-cash assets.
To learn more about how our team can help you accommodate charitable giving into your financial plan, contact us today!