Wealthy families have an amazingly wide array of strategies to accomplish their philanthropic objectives. Of course, accomplishing these requires careful selection from among various alternatives to maximize the income and transfer tax benefits. In addition, careful recordkeeping is required and complex rules must be addressed.
Many of our clients have a multi-generational perspective of charitable giving and view their philanthropy as more than “just” a contribution of cash or property. If you desire, we can help encourage family member involvement and mentor them in charitable activities. We can assist in selecting and monitoring charities that can best accomplish your objectives.
We can also administer your private foundation and other entities used in your charitable and estate planning and manage the assets consistent with their objectives. Plus, we can serve as the filter to relieve you from responding to the many unsolicited donation requests you, undoubtedly, receive.