Donors & Their Families

Creators of wealth and their families have varied interests and needs. Among many other issues, they have estate, financial and tax concerns. At a minimum, they want to retain adequate assets to live on and provide for future generations.

Congress and the IRS have approved several charitable gift planning vehicles that can accomplish these goals and more, such as increasing net after-tax cash flow, diversifying holdings without an immediate income tax consequence, and facilitating the succession of a family-owned business in a tax-wise fashion. Donors can transfer significant assets to their children without paying estate and gift taxes, and can avoid income tax on the sale of a highly appreciated asset (in the year of sale) and provide for future income needs in a flexible format.

The possibilities are infinite, are sanctioned by the IRS and can be tailored to your particular personal and family needs. These gift plans are usually not a "one size fits all" option, but require due diligence, analysis and coordination between a donor's advisors to structure and fully implement an effective plan. By considering a planned gift, these individuals can be significant donors, even if they don't view themselves as possessing that potential.

In addition, philanthropy can serve to bring families together. If a new charitable organization or structure is created, such as a private foundation or supporting organization (or a donor advised fund), the family will have a reason to get together at least on an annual basis to consider the charitable endeavors to support. In addition, the charity can implement a Junior Board, which provides the minor children and grandchildren with input into, and responsibility with respect to, the giving process.

As the creator of a planned or outright gift or the creator of a charitable organization, you can transfer your personal values to future generations - there are many ways to leave a legacy for your family name.

How Can We Work Together?

Jonathan can serve families in integrating philanthropy into a donor's estate, tax and financial plan. He can create charitable gift plans that meet those needs and maximize the amount being distributed to their families and to charity. He can create private and public charities to use in coordination with these gift plans, when such entities meet their goals.

This firm works on an hourly basis, a project basis or a retainer basis. This firm will work strategically on a particular project with donors and their families or on an ongoing basis to administer any newly created charitable gift vehicles or charitable organizations.

To learn more, please contact Jonathan.