New Year’s Generosity Resolution
2020 is finally here! Not only is it the beginning of a new year, but it is also the beginning of a new decade. As we flip the calendar to…
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Charitable Strategy: The Most Missed Element in Business Sales
It happens time and again. While most owners have 80-90% of their assets locked up inside of their business, it’s remarkable how unprepared many of them are at the point of…
Read MoreA Guide for Charitable Planning
Planning ahead and counting the costs of a plan are essential aspects of any project. Jesus even talked about this, in light of Christian discipleship: “For which of you, intending…
Read MoreThe Time to Sell is Now
You have worked hard to build your business. You have put in the work, stood firm through the tough times, and rejoiced in the triumphs. You have seen your business…
Read MoreCharitable Giving and Marriage
The topic of money within marriage can be a tricky road to navigate. In fact, money is the number one issue about which married couples argue. 1 But there is a different narrative when couples discuss charitable giving together. According to a report by Fidelity Charitable, giving is a source of agreement among couples.
Read MoreWarren Buffett’s Missed Opportunity
When it comes to charitable giving, it often seems like the world’s wealthiest individuals have it figured out. With so many assets to manage, these donors know how to support charitable causes while capitalizing on the tax benefits of the giving process, right? Unfortunately, not all get it right. In July, an article in Forbes announced that Warren Buffett is donating $3.6 billion of his Berkshire Hathaway stock to charity. It also offered advice on how other donors could maximize their giving by following in Buffett’s footsteps. The problem? Buffett is primarily giving the stock to private foundations. Consequently, he is missing out on significant tax benefits he could receive if he utilized a donor advised fund (DAF) instead. There are important differences, when it comes to tax benefits, that all donors and advisors should consider.
Read MoreThe Wealth Transfer Rises to $68 Trillion
The U.S. wealth transfer number has gone up. As recently as early fall of 2018, the going number for the Great Wealth Transfer was $59 trillion by 2030. But the projected…
Read MoreWriting Last Checks: Broken and Obedient Hearts
“I feel more than a sadness. Honestly, I am even angry. But what can we even do?” My husband and I have been having a lot of discussion lately about…
Read MoreDonor Advised Fund or Private Foundation?
Two of the most popular charitable vehicles are donor advised funds and private foundations, but which is best to use in your generosity journey? That depends. Nearly $70 billion in…
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