The Pros and Cons of Charitable Giving Strategies

The Pros and Cons of Charitable Giving Strategies

November 30, 2023

Once you have provided for your own personal expenses and retirement, it may be time to consider how your money could benefit others and create a family legacy of giving.

Giving away some of your money is a great way to support the people and organizations you love. But choosing the right strategy is essential for minimizing your taxes and meeting your personal goals.

Gifting Strategy Overview

CASH

SECURITIES

QUALIFIED CHARITABLE DISTRIBUTIONS (QCDs)

DONOR-ADVISED FUNDS (DAF)

GIFT ANNUITY

CHARITABLE LEAD TRUST (CLT)

CHARITABLE REMANDER TRUST (CRT)

How to Identify the Right Strategy

These are some of the many giving strategies available. The best choice depends on many factors, including your unique financial and philanthropic goals. 

Please don't hesitate to contact us about a giving strategy that best suits you.