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In this video, Pat Soldano, president of Family Enterprise USA, hosts a discussion on year-end strategies to maximize charitable giving. She is joined by Abby Axelrod Wonderman and Brian Kirk of Fiduciary Trust International.
The speakers discuss a variety of topics related to charitable giving, including:
- Articulating your values and motivations for giving
- Identifying your focus areas or issue areas
- Writing a personal mission statement
- Involving family members in philanthropy
- Deciding how much to give
- Determining when to give
- Choosing how to give (outright gifts, trusts, donor advice funds, private foundations)
- Tax strategies for charitable giving
The speakers provide a number of helpful tips and insights for individuals and families who are interested in maximizing their charitable impact. They also discuss some of the common challenges that people face when making charitable decisions.
Key Takeaways
- Charitable giving is a powerful tool that can be used to make a real difference in the world.
- There are a number of different ways to give charitably, and the best approach will vary depending on your individual circumstances and goals.
- Careful planning can help you maximize the impact of your charitable giving.
Target Audience
This video is intended for individuals and families who are interested in maximizing their charitable impact. It is also relevant for financial advisors and other professionals who work with clients who are making charitable decisions.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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