As assets accumulate, you are granted the luxury of giving back to the community. We encourage philanthropy and our clients have embraced the idea of charitable giving. Creating and maintaining a philanthropic endeavor can be complex. Different donation options, including donor advised funds and private foundations, have different benefits, all which should be considered prior to implementation. Whether you’re looking to increase your tax deductions or need assistance developing a philanthropic endeavor, our trained financial specialists are committed to exceeding your expectations.
Geier Asset Management has the ability to help you understand your options and assist with your philanthropic giving plans.
One of our financial advisors will help you determine the appropriate donation amount and strategy given your income and donation goals. Some of your donation options include:
There are many benefits to investing through a donor advised fund (DAF), including:
If you’re trying to start your own philanthropic foundation, our financial advisors can help you determine which type of foundation is right for your goals. Types of philanthropic foundations include:
A charitable remainder trust is a tax-exempt irrevocable trust designed to reduce your taxable income in two steps:
Similar to a charitable remainder trust, a pooled income fund provides income to the fund’s beneficiaries (based on a prorated share of the fund’s income earned) before distributing the remaining fund assets to designated philanthropies. These funds are usually run by nonprofit organizations.
This donation strategy allows you to donate many different types of assets to a nonprofit organization in exchange for a stream of income from that nonprofit.
This is an irrevocable trust that works like a charitable remainder trust in reverse:
The philanthropic giving space is complicated but is both a satisfying mission and an effective tax planning strategy. As a donor, you have a lot of giving options. We’ll help you focus your philanthropy donations to maximize your impact and satisfaction, while also maximizing your tax deductions. As our valued client, our goal is help you create a smart, philanthropy giving strategy.
Contact a philanthropic financial management advisor to begin stretching your earnings and maximizing your impact.