Charitable Giving

One of the most meaningful aspects of accumulating wealth is the ability to give back in significant, influential ways.

We all know that low interest rates make it an excellent time to refinance or purchase a home. What many don’t know is that low rates can also make it a good time for making gifts to family members..

As the holiday season approaches, those who are charitably inclined are exploring tax-efficient ways to help the causes they believe in during these challenging times.

Individuals with significant tax events may face minimal opportunities for deductions or credit. A Charitable Split-Interest trust can be a possible solution.

Philanthropy plays a significant role for many high-net-worth families in their wealth planning. When we think about leaving a charitable giving legacy, making a bequest from our estate naturally comes to mind. However, individual retirement accounts (IRAs) can be an attractive and flexible way to manage charitable gifts and meet estate planning needs.

A combination of changing wealth demographics, external market influences, and new technologies has democratized charitable giving in the United States. The more individuals respond to the ease with which people can now donate, for example, via social media platforms or by texting to contribute, the less families coordinate giving efforts to meet broader philanthropic goals.

Your family may have a clear desire to make a positive impact on the world, but do you truly understand the differences between how you view the family mission, and how your children see this mission? Based on the latest Key Private Bank Advisor Poll on philanthropy, 80% of financial advisors said only some or hardly any clients involve the next generation in family philanthropy.

High-net-worth (HNW) investors and families most often engage in philanthropy and charity for moral reasons — with 34% of advisors saying clients feel a duty to make the world a better place and 32% citing an ethical obligation to repay the people and institutions that contributed to their success, finds the Key Private Bank Advisor Poll on philanthropy.

Key Private Bank’s Advisor Poll on philanthropy surveyed more than 120 client-facing advisors, exploring wealth advisors’ experiences working with high-net-worth clients on philanthropic investing strategies and execution.

Charitable giving is first and foremost about philanthropy — a desire to put your money to work to advance causes that matter.

Donor-advised funds are growing in popularity, and it’s easy to see why.

Combining charitable giving with an ongoing income stream, a charitable remainder trust (CRT) can play an important role in your wealth and estate plan.