Charitable Giving & Philanthropy
If giving back is key to enhancing your legacy, let us work with you to maximize the benefits.
Charitable Giving & Philanthropy
Many individuals and families set aside wealth to give back to their communities, religious organizations or other charities.
Our team works with clients to maximize their gift and tax benefits with philanthropy, wealth and legacy goals in mind.
Charitable giving continuum
Contact usThere are essentially only three places your assets can go when you pass away – your heirs, the government for taxes and charity. And, you can only leave so much to your heirs before taxes are incurred. By giving to charity, you can control the tax element, and determine how those dollars are spent through your contributions.
Baker Tilly and Baker Tilly Wealth Management professionals work with our clients to understand their charitable goals. Then, we select from basic, intermediate and advanced options to develop your charitable plan.
While our professionals are versed in all of the above charitable giving techniques, we have highlighted the four most common below:
- outright gifts
- donor advised funds
- private foundations
- charitable remainder trusts