Blog

Category: Private Foundation Charitable Lead Trust

Four Ways to Take Care of a Charity - And Yourself!

By Lineweaver Financial Group
June 22, 2017 Category • Charity, Donor Advised Fund, Private Foundation Charitable Lead Trust, Charitable Remainder Trust, Tax Planning

Theres nothing that says you cant do good in the worldand do well for yourself. You may even be able to reduce your taxes, secure and income for yourself or your beneficiaries, and help a charity or - several charities - of your choosing. Although there are many ways to accomplish your philanthropic and financial goals, today we will focus on four smart strategies. The first strategy is that of a Donor Advised Fund or DAF. A DAF has several advantages, including: There is generally a low initial minimum to open an account (usually $5,000-$10,000) There are generally low ongoing maintenance and administrative expenses There are no annual distribution requirements There are no annual tax filing requirements Gifts can be made publicly or anonymously There are higher charitable deduction limits relative to private foundations which we will cover in just a moment! But, there are also some disadvantages. Specifically: Some donor advised funds do not allow the donor to name successors These

Categories
Newsletter (25)Retirement Planning (13)Financial Planning (10)Retirement (9)Letter From The President (7)Education Programs (6)Market Commentary (6)Lineweaver (6)Tax (5)Economic Commentary (5)Tax Planning (4)Social Security (3)LFG (3)Healthwatch (3)Q3 (3)High Income (2)2017 (2)2016 (2)Brexit Update (2)Bonds (2)Market (2)Interest Rates (2)Diversification (2)Financial Strategies (2)General (2)Social Security Benefits (2)Client Spotlight (1) (1)Winter 2017 (1)Retiring (1)Legacy (1)2016 Market (1)Q1 2017 Newsletter (1)Retire (1)Market Update (1)Self Employed (1)Retire Early (1)Annuity (1)Charity (1)FInance (1)Policy (1)Donor Advised Fund (1)Private Foundation Charitable Lead Trust (1)Growing Your Wealth (1)Real Estate (1)REITs (1)Trump (1)Bonds Ladder (1)Annuities (1)Charitable Remainder Trust (1)Rising Interest Rates (1)Annuity Alternatives (1)Life Insurance (1)Stocks (1)Dividend (1)Market Review (1)Business Owners (1)Election (1)Charitable Contributions (1)Social Security Planning (1)Financial Advisor (1)Women And Money (1)Estate Planning (1)Harvest For Hunger (1)Service Day (1)Financial Advice (1)Costs (1)IRA (1)Roth (1)Statements (1)Retirement Tips (1)Expense (1)Mutual Funds (1)Gifting (1)Insurance (1)Fall 2016 (1)Politics (1)Candidates (1)Financial Health (1)Holiday Planning (1)Holiday Gifts (1)Stockpile (1)Lineweaver Wealth Advisors (1)Conflict (1)Protection (1)Risk Management (1)Financial (1)Finance (1)North Korea (1)Coordination (1)1st Quarter (1) + Show More