Helping Design your Charitable Legacy
KFM offers a variety of giving solutions designed to accomplish your charitable goals and objectives. Our goal is to enable our clients to give in tax-smart ways and make a difference with their giving. Some of the vehicles we offer to our clients are through the Raymond James Charitable Endowment Fund. These include: donor advised funds, pooled income funds, charitable gift annuities, and charity advised accounts.
Here are just a few of the potential benefits of using one or more of these vehicles in order to give to your favorite charities:
- Immediate tax deduction
- No capital gains tax
- Gifts have the potential to grow
- The pleasure of a private foundation without the hassle
Donor-Advised Funds allow you as the donor to create a low cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation. Because the Fund is housed in a public charity, donors receive the maximum tax deduction available, while avoiding excise taxes and other restrictions imposed on private foundations. Further, donors do not incur the cost of establishing and administering a private foundation, including staffing and legal fees.
Pooled income funds are another type of charitable giving program that combines the tax advantages of charitable giving with the benefits of a lifetime income stream for up to two beneficiaries, which can include the donors. As the donor, you may choose the "Charitable Remainder Beneficiaries" to receive grants from the Gift Fund after the death of the last beneficiary, while you or the beneficiary of your choice receives the income from the fund over your lifetime. The grants can be designated for a special purpose at each organization. The recommended charities can be changed at any time during your lifetime. The income stream generated is variable based on the performance of the underlying investments in the Pooled Income Fund.
Donor-advised and pooled income funds are only two of many strategies available for tax-efficient charitable giving. Our job is to help find the approach which creates the legacy you desire.
