Charitable Giving and Planning
Charitable Giving and Planning
Many of our clients are charitably inclined. Understanding the most tax-efficient way to honor your charitable commitments and how these gifts impact the other aspects of your financial plan is paramount to maximizing the benefit to you and the charity. In most cases, this leads us to the following message for our clients—STOP Writing Checks!
Whether a bequest, a Qualified Charitable Distribution from a retirement account, or a gift to a Donor Advised Fund, your FBB team will work with you and your tax professional to determine which method or combination of them is most appropriate for your situation.
Please contact us to learn more about charitable giving planning.
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Frequently Asked Questions
What is charitable giving and planning?
Charitable giving and planning is the process of integrating your philanthropic goals into your overall financial strategy to maximize impact while optimizing tax benefits.
How can FBB Capital Partners help with my charitable goals?
Are there tax benefits to charitable giving?
Yes. Many charitable strategies offer significant tax deductions or help reduce capital gains taxes. We help identify the most efficient ways to give while supporting your financial objectives.
What is a donor-advised fund (DAF)?
A donor-advised fund is a charitable giving account that lets you contribute assets, receive an immediate tax deduction, and recommend grants to nonprofits over time.
Can I include charitable giving in my estate plan?
Absolutely. Charitable gifts can be a powerful component of legacy planning, allowing you to support causes you care about while potentially reducing estate taxes.
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If you have any questions regarding our services, we encourage you to schedule a consultation with one of our financial advisors. We are pleased to offer customized wealth management and financial planning for your specific needs.