Charitable Giving Financial Planning

Charitable giving is much more than donating to the well-known causes you come across. It’s an opportunity for your hard-earned money to reflect the big changes you want to see — and to transform the lives of future generations. All while maximizing your tax savings.

Start by asking yourself, “What’s my vision of a better world?” Then focus your charitable giving on organizations aligned to turning your vision into a reality.

And once you’ve decided which charities to support, you’ll want to plan for:

  • How much and when to give
  • Which charitable donations can reduce your tax burden
  • How to best establish your philanthropic legacy

These can be tough issues for donors to figure out on their own. That’s why so many generous families and individuals turn to a fee-only, fiduciary financial advisor in the Wealthramp network. An experienced advisor can help you create a sound charitable giving plan as part of your overall tax-focused financial plan.

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Key charitable giving questions a fiduciary financial advisor can answer

  • How do I move from simply donating money to charity to giving with purpose?
  • How can I maximize my charitable giving tax deductions?
  • How do I make sure the charities I support are using my donations wisely?
  • What charitable giving vehicles are available? Which ones make the most sense for me? How should I invest the assets held in a charitable vehicle?
  • How do I incorporate charitable giving into my estate plan?
“There are only three places you will leave your money when you are gone: your family, your community and favorite non-profits, or the government. Putting a plan in place gives you the control over your legacy.”
- Matt Roberts, CFP®, Wealthramp Network Advisor
Charitable Giving Challenges

How a financial advisor in the Wealthramp network can address your charitable giving challenges

Serving as your financial advocate, your financial advisor in the Wealthramp network works directly for you. Collaborating with your CPA and your estate planning attorney (which they can help you find), your financial advisor can help you develop a comprehensive charitable giving strategy that enables you to:

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Focus your giving on causes and charities that you care the most about

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Maximize your charitable giving tax deductions through donations of appreciated securities including stocks, funds, bonds, etc., as well as property, artwork and collectibles

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Use one or more charitable giving vehicles that offer tax benefits along with the flexibility you need to support your favorite organizations today and after you’ve passed on

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Reduce the tax burden of required minimum distributions during retirement by using qualified charitable distributions from your IRA to donate money to charity

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Use charitable trusts to pass your wealth on to your heirs and to charities on a timeframe of your choosing

Your financial advisor can also help you conduct background research on charities you’re considering supporting. And if you establish a charitable vehicle with investable assets, your financial advisor can manage the assets in these accounts to keep them growing over time.

Maximize your charitable giving impact with a Wealthramp Network Advisor

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The biggest charitable giving mistakes well-intentioned donors make

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Donating money to charity on impulse, rather than focusing your generosity on causes and organizations you truly care about

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Gifting to charities without thoroughly researching them

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Neglecting to create a plan that will support your favorite charities after you’ve passed on

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Failing to take advantage of the many tax benefits of charitable giving

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Taking a tax hit by selling appreciated securities or assets before you donate them to charity

Work with a Wealthramp Network Advisor to avoid these charitable giving mistakes

We won't sell your data. You decide which advisors to talk to. And you won't receive any pushy sales calls from Wealthramp.

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