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Charitable and Philanthropic Giving

The joy of giving is unlike any other. Seeing the smiling faces of children in an orphanage, the improved infrastructure of a halfway house, or the well-supplied stockroom of a relief kitchen fills the heart with more gratitude than we expect. The feeling is addictive in the best way.

We know many of our clients donate to charitable and philanthropic organizations on a regular basis, and we don’t want the joy sucked out of the generous act come tax season. With each gift comes a list of possible regulations that must be sorted through if penalties are to be avoided. Likewise, these rules are important to know so that tax advantages can be used to their fullest extent. We refer to it as giving smart from the heart. In essence, we help you figure out the best way to give so that you and the receiving charity receive any and all benefits available.

Since Uncle Sam can have pretty strict rules when it comes to bestowing financial gifts - philanthropic or not - and because those regulations change every year, it is important to team up with a company that not only keeps precise track of these changes but can guide you through the giving process.

Are there tax advantages and or restrictions? We will evaluate each gift to determine a better way to give until your heart’s content.

Our team at EverVest will help you navigate the gift-giving pathways so that your beneficiary receives all that you intended. Likewise, we want to ensure that neither you nor the gift-receiver is penalized for the endowment.

We can teach you:

  • What gifts are taxed
  • The limits to giving
  • How to give assets
  • Your tax credit and tax deduction options
  • Gifts that are tax exempt

*While neither LPL Financial or our advisors provide tax advice and we recommend our clients consult with their personal tax advisors regarding the tax consequences of investing, we can assist with tax planning strategies that allow you to give thoughtfully. While neither LPL Financial or our advisors provide tax advice and we recommend our clients consult with their personal tax advisors regarding the tax consequences of investing, we can assist with tax planning strategies for charitable giving.