The Pros and Cons of Charitable Giving Strategies
Having a Charitable Giving Strategy can be an important part of your overall financial plan and now is a perfect time to spend a few minutes reviewing all the options that are out there. As the year winds down, we all get busy with family and other holiday commitments. Along the way, requests for year-end giving often come our way. It can be easy to respond and send a check or put a contribution on your credit card. What if, however, you came into year-end with a charitable plan that maximized your tax savings as well as fulfilled your charitable goals.
Our challenge to you is to take time this fall to come up with your own Charitable Giving Strategy. Fall is the perfect time because you don’t have to be rushed into decisions at year-end and you can take your time to develop a strategy that fits with your family’s goals and objectives. There are a lot more options available than giving a cash gift and having a good understanding of the options can help ensure you are making the most of your contribution.
Our advisors have experience working with many of the strategies below and we’d be happy to talk through them to see how they might apply to your situation. If you have questions or would like to discuss this topic further, please don’t hesitate to contact your QA advisor. If you’re new to QA, please click here to connect with us.
KEVIN LAWSON, CFP®, CFTA
Managing Director
Charitable Gifting Strategy Overview
Once you have provided for your own personal expenses and retirement, it may be time to consider how your money could benefit others. 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.
How to Identify the Right Strategy
These are only some of the many giving strategies available. The best choice depends on many factors, including your unique financial and philanthropic goals. Talk to a financial professional about which giving strategy best suits you.
Quantitative Advantage, LLC (QA) is an investment advisor registered with the Securities and Exchange Commission and is a limited liability company organized in the state of Minnesota. Registration of an investment advisor does not imply any specific level of skill or training. QA Wealth Management is a division of QA.
This information has been prepared by QA, is provided for informational purposes only and does not constitute investment advice. It contains general information, is not suitable for everyone and is subject to change without notice. The views and opinions expressed in this report are solely those of QA and are current as of the date of writing. While the content is provided in good faith to provide a general commentary of current market factors and conditions, the views and opinions expressed are limited in scope and QA makes no representation or warranty as to the accuracy or completeness of the information provided. Past performance of the global investment markets is not a guarantee of future results.
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