DEVELOPING A CHARITABLE PLAN
As a professional advisor your recommendations are crucial to your clients as they make important decisions involving the distribution of family wealth including trust arrangements, bequests and gifts to individuals and charities.
As you know, charitable giving options can offer specific tax benefits for your clients. For example, funding a Donor Advised Fund at the Hastings Community Foundation may realize a larger tax credit to your client than funding a family foundation.
Planned giving may include life insurance, IRA assets, retained Life Estate, charitable gift annuities, charitable trust funds, etc. For a simple, useful reference sheet on Planned Giving, go to www.plannedgiving.com/downloads/fd-7.pdf or call us at the Hastings Community Foundation and we will be happy to send you a packet of useful information.
Developing a charitable plan that takes into consideration your client’s financial and charitable desires is not easy however, the Hastings Community Foundation can serve as a resource on planned giving, and assist you in finding a charitable giving “vehicle” that best suits the needs and desires of your clients.