Grow Wealth, Protect Legacy, Eliminate Taxes.
Charitable Giving / Donar Advised Fund
Make a Meaningful Impact:
A charitable donor-advised fund (DAF) is a philanthropic giving vehicle administered by a public charity. It allows donors to make an irrevocable charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund to qualified charitable organizations over time.
Key Features of a Donor-Advised Fund:
Investment Flexibility
Combine a DAF structure with a life insurance policy to minimize taxes while supporting charitable causes. Enjoy immediate tax deductions, tax-free growth, and a tax-free death benefit for your chosen charity. Establishing a DAF strategy allows you to contribute appreciated assets, such as stocks, real estate, or a business interest, or cash to an LLC. The LLC can then sell these assets, potentially triggering capital gains tax. However, as the LLC is a charitable entity, it is exempt from paying capital gains tax on the sale.
Immediate Tax Deduction
This strategy offers several tax benefits, including an immediate income tax deduction for the charitable contribution portion of the LLC interest. Additionally, the assets within the LLC can grow tax-free, and the life insurance policy’s death benefit is excluded from your estate for estate tax purposes. Beyond the tax benefits, this strategy allows you to make a meaningful impact on charitable causes during your lifetime and beyond. Our team works closely with you and your tax advisors to tailor this strategy to your specific financial situation and charitable goals. Combine a DAF structure with a life insurance policy to minimize taxes while supporting charitable causes.
Support Charitable Causes
Beyond the tax benefits, this strategy allows you to make a meaningful impact on charitable causes during your lifetime and beyond. Our team works closely with you and your tax advisors to tailor this strategy to your specific financial situation and charitable goals. Establishing a DAF strategy allows you to contribute appreciated assets, such as stocks, real estate, or a business interest, or cash to an LLC. The LLC can then sell these assets, potentially triggering capital gains tax. However, as the LLC is a charitable entity, it is exempt from paying capital gains tax on the sale.