As part of our three-part video series on gifting strategies for high-net-worth individuals and families, learn about the potential tax benefits of donating appreciated stock to your favorite charity. A gift of long-term, appreciated publicly held stock is often a more tax-efficient gift than cash.
Turn your year-end giving into a longer-term charitable giving strategy.Even as you strive to be tax-efficient and timely in your year-end giving, those gifts can be part of a longer-term charitable giving strategy.Giving for the long term requires a plan for what charities to support, what assets to give, and what structures to use. Including your family in the process and looking at gifting as a long-term expression of your values can create a fulfilling and lasting family legacy.
Before you commit, familiarize yourself with the risks and rewards of serving as a board member or director.Potential board members and directors should perform thorough due diligence on an organization, in the same manner you would before accepting a position with a for-profit firm.Don’t hesitate to query the organization’s financial circumstances, leadership, mission, and future plans.