Fiscal Sponsorship for Charity

Donor-advised funds (DAF) have become increasingly popular in recent years for individuals supporting various ongoing philanthropic causes, especially given their ease of achieving a potentially large tax-deductible contribution in any one given year but then allowing for the payout of possibly many different underlying charitable donations to occur over time (see “Hassle–Free Philanthropy”). For example, … Continued

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

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

Sharing is Caring

Every family is different.  Some are very open, sharing details about nearly everything in a loud boisterous manner; others are more reserved and less comfortable revealing personal information.  No matter what your family dynamic, there comes a time when it is important to share some details with your adult children or the family members who … 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

Benefitting from Your Life Insurance While You’re Alive

There’s a time for buying life insurance and for many people it is when their first child is born.  Along the way, you may have increased your insurance coverage as more children and a larger mortgage became a part of life. If those babies are now adults, your mortgage is paid off and your investment … Continued