Ideas for Charitable Giving

Giving directly to the charity is one of the most common forms of giving.

When considering charitable giving it is important to examine the various strategies and techniques that can be incorporated into an estate plan, but many people prefer to focus on how they can contribute during their lifetime.

Cash is the most basic donation and is one most people know about. That’s as simple as writing a check to the charity or other tax-qualified organization of your choosing.

Gifts of appreciated securities, like shares of individual stocks, mutual funds, ETFs, or closed-end funds, can be made to qualified organizations. After contacting the organization directly to confirm they can accept such gifts, transfer the shares from your account to the brokerage account of the organization. You get the tax benefit of the charitable contribution, based on the market value of the shares at the time the contribution is made, and you won’t be subject to the capital gains that would incur if the security was sold outright. This can be a large number of securities that have been held for some years, with an extremely low-cost basis.

You can also choose to gift non-securitized assets. With real estate, stock in a privately held business, art, or collectibles, the value of the asset at the time of the gift is deductible, like publicly traded securities. Similar to publicly traded securities, you also won’t be subject to capital gains tax due on the amount of unrealized appreciation of these assets. However, the charity needs to be able to take these types of assets as gifts. Contact the organization and make sure that this is the case.  You’ll usually need to have a third party conduct an appraisal of the asset to be donated, to determine its value.

Donor-advised funds are philanthropic funds created as public charities. Many major custodians offer a version of these funds that take donor gifts and invest the money on the donor’s behalf.

Depending upon the fund, donors can select from investment options offered by the fund or have the money invested in a way suggested by an advisor.

Reference: Investopedia (April 16, 2018) “A Primer on Philanthropic Vehicles”


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We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
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Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.