What Issues Should I Consider When Establishing My Charitable Giving Strategy

What Issues Should I Consider When Establishing My Charitable Giving Strategy offers a detailed guide for individuals planning their charitable contributions. It addresses foundational issues, including aligning donations with personal values and motivations, establishing a giving plan for impact, and conducting due diligence on charities. It also covers financial aspects such as cash flow, tax implications, and the use of assets like appreciated securities or IRAs for giving. Additionally, it discusses strategic options like donor-advised funds for tax-efficient donations and charitable trusts for income generation or estate planning benefits. The guide emphasizes thoughtful planning to ensure that charitable giving aligns with overall financial goals and values.

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Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.