Techniques for Individual Clients to Maximize Charitable Giving with Strategic Impact

Private Wealth Services attorney Henry Marley co-authored a blog post for Sapers & Wallack sharing charitable giving strategies that can help donors maximize their community impact while also enjoying tax benefits. The piece is divided into two sections: giving during life and giving at death. In the first part, he outlines three options for giving during one's lifetime – donor-advised funds (DAFs), charitable trusts, and appreciated stock gifts and Qualified Charitable Distribution (QCD) from an IRA – as well as the advantages of each approach. The article then discusses charitable bequests made at death that can help reduce estate tax exposure and establish a legacy; Mr. Marley talks about qualified retirement accounts such as IRAs and 401(k)s in addition to life insurance policy donations and charitable gift annuities. The article concludes by posing questions to ask when deciding on an avenue for philanthropic efforts.

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