Discuss Charitable Giving with Your Clients
Walker Area Community Foundation wants to be a resource for you as you develop plans for your client’s financial and charitable needs. We realize that it can be a challenge to serve your clients as they strive to achieve their philanthropic goals and leave a legacy for the future. We consider you - attorneys, accountants, financial planners and other professionals - as valued partners in charitable giving.
It is not always easy to know when to talk with your client about charitable giving. These are the times in which we fell it can be most effective.
Leaving a Legacy
In addition to being one of the simplest ways to distribute an estate, the will can be a creative vehicle in which your client can make thoughtful gifts representing their charitable values. You can draft, revise or add a simple amendment to a will instructing that Walker Area Community Foundation receives a set dollar amount; specifying property, a set percentage of the estate, or what remains after other distributions are made.
Gifts of Highly Appreciated Stock
By giving gifts of highly appreciated stock to the foundation, clients can enjoy a tax deduction for the full market value. This allows them to avoid the capital gains tax they would pay if they just chose to sell the stock.
Retirement is a wonderful time in the life of your clients. We can help you and your client determine the most beneficial way give while minimizing taxes. We welcome donor gifts of IRA’s or other retirement assets in which income tax and possibly estate taxes often dilute the value of if left to an heir.
Private Foundation or Donor Advised Fund
Your client may be wondering if setting up a private foundation is a good way to distribute their charitable dollars. If they are considering this option, we hope you will introduce them instead the great benefits of creating a Donor Advised Fund with the Walker Area Community Foundation (WACF).