by Andrew Hibel | Oct 21, 2014 | Donor-Advised Funds, Featured, Foundations |
This year the Chronicle of Philanthropy revealed the “50 Most Generous Donors of 2013.” While many donors on the list donated to private foundations, the donor couple topping the list with the most charitable giving, Facebook’s Mark Zuckerberg and his wife Priscilla Chan, gave their gift to a donor-advised fund. This was the first time a donor-advised fund was the top charitable recipient for living donors. Fifth on the list were John and Laura Arnold, who use a donor-advised fund in addition to a more traditional foundation. Similarly Pierre and Pam Omidyar, seventh on the list, use donor-advised funds in addition to foundations and social impact funds for their charitable giving. The biggest donors in America may be using donor-advised funds – but they aren’t the only ones. Donor-Advised Funds vs. Private Foundations – Numbers and Trends Over the past century, many large private foundations, like the Bill and Melinda Gates Foundation, have made transformative gifts making an impact throughout the world. But while the biggest foundations often get the most notice, two-thirds of the 86,000 private foundations in existence have less than $1 million in assets. Nor are most foundation as old as most people think – sixty-percent of foundations were formed within the past 15 years – and forty-percent in the last decade. These are big numbers – over 34,000 foundations formed in the last ten years – and foundations are the right charitable vehicle for many donors. But they are being surpassed by a “user-friendly” charitable vehicle that’s lower cost, “faster” and more direct for many donors – the donor-advised fund. Over just the last five...
by Andrew Hibel | Sep 23, 2014 | Donor-Advised Funds, Featured |
Donating stock to charity is often the best method of charitable giving – but timing makes a difference! You want to give your stock at the right time for you and donate at the right time for you – and those times are often different. When is the Right Time to Make Your Stock Gift? Gifting appreciated stock that you have owned for more than a year should permit you to gain the current fair market value of the stock while not paying capital gains tax. Your stock donation may also receive a charitable income tax deduction of up to 30% of adjusted gross income of the appreciated stock value. The best time to donate appreciated stock is when its value is high and the timing is right for you financially. But what if that timing isn’t the “right” time to donate to the charity or charities you’re passionate about? Read on…. When is the Right Time to Donate to Charity? While tax and stock value advantages are important, many donors believe that the best part of donating to charity is the ability to make a difference in the charitable causes we believe in. People often have a time of year or an inspiration that spurs the charitable giving process. These catalysts make our giving more meaningful – we treasure them. You should give when it’s right for you. You should give on the holidays and occasions where and when you would normally give. You should give when a close friend shares a story about an incredible cause where you can make a real difference. You should give whenever...
by Andrew Hibel | Aug 8, 2014 | Linked In |
Corporate “inversions” are becoming more common – and more stockholders find they have unexpected capital gains taxes with no cash offset. Donating stock to a donor-advised fund is one #taxsaving option that offers stockholders flexibility in charitable giving #DAF...
by Andrew Hibel | Aug 8, 2014 | Linked In |
Planning for incapacity in trusts – necessity and its limits – the example of Donald Sterling #trustplanning #intent http://bit.ly/XAwZhu [author_bio avatar=”yes”]
