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Incorporating “Giving Tuesday” and End-of-Year Donations into Your Philanthropic Plan

Giving Tuesday

Giving Tuesday, a day created to inspire people to take action on the Tuesday after Thanksgiving, shines a light on philanthropy and encourages you to maximize your impact on the causes and organizations most important to you.

In our work with clients we fine-tune individual gifting strategies, optimize charitable contributions, and select appropriate gifting vehicles. Our role is also to facilitate discussions that help define giving objectives and then build a philanthropic plan, especially where there are techniques that touch the investment and financial planning realms.

If giving back has been on your mind, we wanted to share the following tips and strategies that we find useful in our planning discussions with clients:

It’s important to note that every person’s and family’s situation is different, and these tax and gifting techniques require careful forethought and planning. That’s why we feel it’s important, as wealth advisors, to be available for planning discussions and to coordinate with your tax professional.

Whatever your objectives are around giving, our primary responsibility as your advisor is to ensure that each gifting choice is made in support of long-term goals and represents the most financially responsible strategies for each individual or family’s situation.

If you would like to discuss your charitable giving or tax-planning issues in more detail or have other year-end planning questions, please contact your Litman Gregory Advisor or email our team at information@lgam.com. 

 

Important Disclosure
This written communication is limited to the dissemination of general information pertaining to Litman Gregory Wealth Management, LLC (“LGWM”), including information about LGWM’s investment advisory services, investment philosophy, and general economic market conditions. This communication contains general information that is not suitable for everyone. The information contained herein should not be construed as personalized investment advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment strategy.
LGWM is an SEC registered investment adviser with its principal place of business in the state of California. LGWM and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which LGWM maintains clients. LGWM may only transact business in those states in which it is noticed filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by LGWM with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.
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