Charitable Giving

There are many of us who want to support the churches and charities in our communities and sometimes even around the world. Most donors are happy to give support to causes they deem worthwhile but it’s important to understand the tax implications and strategies available when making charitable donations.

Charitable Giving

There are many of us who want to support the churches and charities in our communities and sometimes even around the world. Most donors are happy to give support to causes they deem worthwhile but it’s important to understand the tax implications and strategies available when making charitable donations.

Things to Consider

With each of our families we help them develop plans that maximize their tax return by helping them minimize their annual tax bill. Charitable deductions are an excellent way to accomplish this, but many taxpayers are not making them in the most optimal fashion.

There is much more to be considered when giving to organizations and charities you support than simply writing a check. Topics to consider are: gifting appreciated assets, double stacking,  Required Minimum Distribution (RMD) strategies like QCD’s and donor advised funds to name a few.

Let Us Handle the Logistics

When gifting appreciated stock, some charities may not be prepared to handle those types of transactions. Fortunately, this is something we can be of assistance in accomplishing. The Financial Enhancement Group can handle helping the organization create an account for the appreciated stock to be transferred to and help them process the trades, all at no cost to you or the charity.

We believe strongly in supporting charitable organizations and we also think it’s important for our families to best utilize those contributions when it comes to minimizing their tax bill. FEG is here to help!

Charitable Giving

There are many of us who want to support the churches and charities in our communities and sometimes even around the world. Most donors are happy to give support to causes they deem worthwhile but it’s important to understand the tax implications and strategies available when making charitable donations.

Things to Consider

With each of our families we help them develop plans that maximize their tax return by helping them minimize their annual tax bill. Charitable deductions are an excellent way to accomplish this, but many taxpayers are not making them in the most optimal fashion.

There is much more to be considered when giving to organizations and charities you support than simply writing a check. Topics to consider are: gifting appreciated assets, double stacking,  Required Minimum Distribution (RMD) strategies like QCD’s and donor advised funds to name a few.

Let Us Handle the Logistics

When gifting appreciated stock, some charities may not be prepared to handle those types of transactions. Fortunately, this is something we can be of assistance in accomplishing. The Financial Enhancement Group can handle helping the organization create an account for the appreciated stock to be transferred to and help them process the trades, all at no cost to you or the charity.

We believe strongly in supporting charitable organizations and we also think it’s important for our families to best utilize those contributions when it comes to minimizing their tax bill. FEG is here to help!

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Get financial insights from our team of experts