April 20, 2021
When you consider the charitable causes you support, are they the same ones your parents give to? Or your neighbors? Or your school classmate? Of course not.
Your decisions around the causes and organizations you support are personal and uniquely yours. And for good reason! Your personal experiences and passions have been developed through your own life journey. The whole point of philanthropy is that you get to make the decisions about where you want to make a difference in the world. You even get to determine how it will be done in your household; some families make decisions together, and in other cases each person in a family make their own determination.
However you do it, all the choices around your philanthropic plan are yours: Which organizations mean the most to you, when you make your gifts, and how you make them.
Did you know that there are options for how you make your gifts that can provide specific advantages to you? Many of the donations you make today may come from your checking account, which is a great way to show your support, but there are often less expensive ways to make your gifts than cash!
To be clear, gifts of cash are wonderful, and they give organizations the lifeblood they need to keep running. But if an advisor showed you a way to structure that gift so that you could save money when tax time comes around, or pointed out a giving option that would not compete with your household’s monthly cash flow, would you want to know more?
These options do exist and are available to most people, depending on the situation. Here are three examples:
There are many other tools like these that may be available to you, and a philanthropic advisor could be as valuable in figuring it all out as your tax accountant, financial advisor, and lawyer are in helping you with other areas of your planning.
The Children’s Foundation wants you to know that we have philanthropic advisors available to help you!
Our job is to help you understand the tools that will best help you meet your needs when you are supporting charitable causes you care about. These tools can help you with all your charitable giving and are not just applicable to one organization, but they are uniquely suitable for your situation.
We invite you to reach out to us if you have questions about the examples above or want to know about other options available to you. Whether you are considering your long-term estate plan or your annual charitable support, we enjoy sharing information that can help you make the most of your gifts. You can reach out to The Children’s Foundation to have a conversation about your needs. We would be happy to help you!
For philanthropic advising, please contact:
George Westerman: (248) 310-5854 or GWesterman@yourchildrensfoundation.org
To support The Children’s Foundation in our efforts, please click here.
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