"I'll be receiving additional income this year. I'd like to give some to charity, but I'm not sure which one."
A donor advised fund will lock in a tax deduction for the current year and allow time to choose the charity. With expertise on the nonprofit community, Foundation staff can connect donors with organizations in their areas of interest and provide opportunities for fundholders to support projects with the Foundation.
"I want to sell appreciated property, but I'm concerned about capital gains taxes. How can I eliminate or reduce my taxes?"
Giving all or part of an asset to charity will eliminate or reduce capital gains taxes, continue or begin to provide lifelong income and enable your client to support community needs.
"I manage a rental unit that provides needed income, but it's too much work. What do you advise?"
Using the rental property to fund a charitable remainder trust (CRT) will secure lifetime income (perhaps more than from the rental property), but eliminate the capital gains tax, allowing the client to claim a sizeable tax deduction and support a favorite charity.
"I have a large retirement fund, but I'm worried that my children will receive only 20 or 30 cents on the dollar."
Using a retirement plan to create an endowment will reduce estate tax, eliminate income tax on the IRA distribution and create a family legacy.
"I have a longtime employee I'd like to help."
A life-income gift, such as a charitable gift annuity will assure the friend/family member a lifetime income -- and allow your client to support a favorite charity at that person's death.
"I have no children, and it's time to write a will."
How does your client want to be remembered? You can suggest a charitable fund at the Foundation as a way to support the issues they are passionate about in perpetuity.