Hayden Adams, CPA, CFP® Director of Tax and Financial Planning at Schwab Center for Financial Research and Fred Kaynor Managing Director, Marketing, Business Development & Charitable Consulting at Schwab Charitable discuss family philanthropy and tax-efficient giving strategies for year-end.
Despite 2022’s challenging market and economic environment, Schwab Charitable donors granted over $2.1 billion to charities in the first half of 2022 alone. Engaging in meaningful conversations around charitable giving empowers advisors to differentiate their practice and build deeper relationships with clients and their families.
Join us on Giving Tuesday for an advisor webcast to hear how charitable planning conversations open the door to connect with high-net-worth clients and families on a deeper level. Hayden Adams and Fred Kaynor will share timely tax-smart charitable strategies to help your clients potentially reduce their taxes and increase their giving power. Plus, you will learn how to engage with your clients’ extended family members in a meaningful way.
One of the most impactful tax-smart giving strategies is donating appreciated non-cash assets held for more than one year. Clients who use this strategy can generally eliminate the capital gains tax they would otherwise incur if they sold the assets first and then donated the proceeds, potentially increasing the amount available for charity by up to 20%. Other tax-efficient giving strategies include bunching two years of charitable giving into 2022 and using a part-gift, part-sale strategy when rebalancing portfolios.
Schwab Charitable is an independent public charity with a mission to increase giving in the U.S. Through donor-advised funds, contributors can donate both cash and appreciated non-cash assets for a potential tax advantage. With no account minimums and lower costs relative to private foundations, this strategic and tax-efficient way of giving is accessible to the every-day-investor.
Webcast: How to engage clients and their families with tax-smart philanthropy.
Topics will include:
- Charitable trends and the current giving environment
- Tax-efficient charitable giving strategies for family philanthropy
- How to help your clients create a strategic giving plan to maximize their charitable impact
- New philanthropic resources to help you develop deeper client relationships
The webcast is eligible for one hour of CE credit.