Charitable and Philanthropic Planning

Charitable and Philanthropic Planning

Philanthropic efforts allow individuals and families to significantly impact their local communities and the wider world. Engaging in thoughtful and strategic philanthropy goes beyond merely donating to charities or foundations. Our team of experts specializes in crafting meaningful charitable giving strategies. We guide you through the process of forming a philanthropic plan that not only creates a lasting legacy but also ensures tax efficiency, making your contributions as effective as possible.

We collaborate with you to pinpoint your unique approach to philanthropy and enhance the effectiveness of your donations to causes that matter to you. Our process begins with defining your legacy objectives and determining the most beneficial donation methods for you, such as donating property, setting up a charitable trust, founding a family foundation, or other suitable options. We also ensure that your contributions are made optimally to leverage tax advantages and align with your financial strategy.

Discover how you can boost your philanthropic activities while also taking care of your family's needs. Contact us for a free consultation to start.

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Only for the Wealthy
Just About Donations
No Need for Professional Help
Immediate Gifts Only
Little to No Tax Benefits

Only for the Wealthy

Myth

Charitable and philanthropic planning is only for wealthy individuals.

Fact

Anyone can benefit from philanthropic planning to support causes they care about and potentially receive tax benefits.

Just About Donations

Myth

Philanthropic planning is only about making donations.

Fact

It includes various strategies such as setting up foundations, trusts, and endowments to maximize impact and tax efficiency.

No Need for Professional Help

Myth

You don't need professional help for charitable planning.

Fact

Professional advisors can help structure giving to align with financial goals and ensure compliance with legal requirements.

Immediate Gifts Only

Myth

Charitable planning only involves immediate gifts of money.

Fact

It can include planned giving, bequests, and other long-term strategies to provide ongoing support to chosen causes.

Little to No Tax Benefits

Myth

There are few tax benefits to charitable giving.

Fact

Charitable contributions can provide significant tax deductions and benefits when properly planned and executed.

Adult Day Care Coverage

Risk Factors

You may have to pay them for their services from your pocket if you hire a caregiver.

Solution

Policies may cover community care, which usually means adult day care, so you don’t need to pay them all by yourself.

Modifications to House Coverage

Risk Factors

You may need to build a wheelchair ramp for one of your family members because of their medical conditions.

Solution

Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.
Consultation

Philanthropic Planning Services include:

  • Charitable contributions
  • Charitable trusts
  • Establishing private foundations
  • Setting up donor-advised funds
  • Creating a legacy
  • Managing wealth
  • Strategic planning for Philanthropy
  • Tax planning strategies for philanthropy
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Apply now or request a quote for tailored accounting solutions today!

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Founded on the principle that every small business owner deserves efficient accounting solutions, We are dedicated to saving time, minimizing taxes, and simplifying life.

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4160 Southeast International Way, Suite D105
Milwaukie, OR 97222

(503) 344-3850

support@savvytaxchick.com
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