Charitable Vehicle Options for High Income Years

For entrepreneurs and major stakeholders of Silicon Valley companies, a liquidity event puts in motion a series of complex and timely actions that investors must navigate, including potentially large tax bills to manage. For the philanthropically minded, one related tax-saving strategy worth exploring is the funding of a charitable vehicle. There are a handful of … Continued

Charitable Contributions Are Still Deductible

Charitable contributions not only retained their deductibility but were expanded upon.  The percentage limit for charitable donations of cash to a public charity has been increased to 60% from 50% of your adjusted gross income (AGI).  However, given the rise in the standard deduction to $12,000 for individuals and $24,000 for couples filing jointly, many … Continued

Revisiting Donor Advised Funds to Help the Most Vulnerable Charities

It is estimated that the newly passed tax law could result in a reduction of billions of dollars in charitable giving starting this year. Although the long-standing charitable deduction methodology was preserved, overall giving could be significantly hindered due to the new higher standard deduction reducing the number of tax payers who itemize on their … Continued

Will Tax Reform Be Charitable to Philanthropists?

With Republicans controlling both the White House and Congress, there is an increased likelihood of tax reform legislation hitting the debate floor.  Proposals by President Trump and the House Ways and Means Committee appear to support the reduction of marginal tax rates and modification of itemized deductions which will mute the taxable benefits of gifting … Continued

Tax Consequences: Think Twice Before Gifting with Cash

It has become a common practice to take advantage of the charitable deduction when gifting highly appreciated stock to qualified non-profits and charities. What is unknown to many (and now a permanent option thanks to the American Taxpayer Relief Act of 2012), is that gifting appreciated stock to individuals who qualify for the 0% Federal … Continued