Planning area

Charitable giving strategies

Families who give regularly often pay more tax than they need to because of how and when they give. The same donations, timed and funded differently, can produce a noticeably larger deduction.

Request a demo How it works

What we look at

Bunching several years of gifts into one year to exceed the standard deduction
Donor-advised funds to separate the deduction from the grant
Giving appreciated securities instead of cash
Qualified charitable distributions from IRAs for eligible clients
Deduction limits based on income and type of gift
Pairing large gifts with high-income years, such as the year of a business sale

Coordinating giving with the rest of the plan

Charitable decisions interact with Roth conversions, capital gains and estate goals. The plan places giving inside the multi-year projection, so its effect on each year is visible.

Questions

Common questions.

Does a family need a large giving budget for this to help?

Not necessarily. Bunching and giving appreciated shares can help families who give modest amounts each year, depending on their income and deductions.

Do you open donor-advised funds?

No. The plan recommends whether and how to use one. Opening the account is handled by your firm or the family’s custodian.

Related planning areas.

See all planning areas

See a certified plan built for one of your families.

Tell us about your firm and we’ll follow up within 2 business days to schedule a walkthrough.

Request a demo