YOUR WEALTH MATTERS BLOG

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Your Wealth Matters

SHOULD I BE CONSIDERING USING A PERSONAL FOUNDATION?

There are many ways to give a financial gift, the most common being through giving directly to the charity and receiving a tax receipt from said charity.  But did you know that with proper planning you could be not only giving a lot more, but at the same time setting up a giving legacy that could continue into perpetuity?  A Donor-Advised Fund can be a great strategy for reducing your tax liabilities as well as for advancing Kingdom causes.  It acts as your own personal giving foundation while being much less costly than a private foundation.

A Donor-Advised Fund, or DAF for short, is a charitable giving vehicle helping you to support the causes and issues close to you, while providing immediate tax benefits upon your donation.  Although DAFs are sometimes set up for tax reasons, they are also a great way to leave a legacy since many DAFs are designed to be longer-term in nature.  This enables any successor advisors you have set up, perhaps children or grandchildren, to participate in giving for years to come.

At Capstone, we work with several Foundations that facilitate Donor-Advised Funds.  It is a blessing to be able to see the joy that comes when clients discover a tool that enables them to give in perpetuity, if that is their desire.  We have been privileged to help facilitate the gifting of over millions of dollars from clients to their desired charitable causes.  If you wish to discuss how a personal foundation or Donor-Advised Fund can help you in your giving, talk to your Portfolio Manager.

Janet Kim Sing, Portfolio Manager 
Capstone Private Wealth

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