发展计划捐赠和高影响力慈善事业的途径

Developing Pathways to PlannedGiving and High-Impact Philanthropy Using charitable giving strategies to enhance the tax-efficiency of your donations plays a vital role inmaximizing the impact of your gifts. Take time at year-end and during the year to consult with your taxand financial advisors to optimize your giving. status, sell the stock immediately without any tax impact.When contributing less marketable assets, such as shares ofa privately owned company or real estate, you may need toobtain a qualified appraisal from a valuation professional. Ways to Give Gifts of Assets Cash Writing a check is the simplest way to make a charitablecontribution. You do not have to transfer stock certificates,titles, or other ownership documents or worry aboutyour basis or valuations for tax purposes. If you itemizedeductions, gifts of cash to qualified public charities canbe deducted in an amount up to 60% of your adjusted grossincome (AGI) in a given year. Depreciated or “Loss” Assets If you would like to dispose of assets that are worth less thanyour basis, it is not advisable to donate them to charity. Rather,sell the assets so that you can recognize the loss on your incometax return and then donate the sale proceeds to charity. Non-Cash Assets Appreciated AssetsBy donating long-term appreciated securities to charity, you can minimize paying taxes on the most efficient lowestbasis shares, providing considerable tax efficiencies versusselling the stock and donating the after-tax cash proceeds. Ifyou own assets that have appreciated significantly since youacquired them and you have owned them for more than oneyear (long-term unrealized gains require a 12-month holdingperiod), donating these assets, rather than cash, may help youmaximize the tax benefits of your gift. Donors may also contribute complex and illiquid assets—such as private company stock, restricted stock, real estate,alternative investments, cryptocurrency, or other long-termappreciated property—directly to charity. Making this typeof donation requires more time and effort than donatingcash or publicly traded securities, but it has distinct potentialadvantages. These types of assets often have a relatively lowcost basis. In fact, for entrepreneurs who have founded theirown companies, the cost basis of their private C-corp orS-corp stock may effectively be zero. When you donate long-term capital gain property, such aspublicly traded stock, shares in a private company, and, insome situations, real estate, you can deduct the asset’s fullfair market value (FMV) at the time of the gift. In addition toenjoying the deduction, you will avoid having to pay capitalgains tax on the appreciation. The charity can either holdthe stock as an investment or, because of its tax-exempt Contributing non-publicly traded assets to charity, however,involves additional laws and regulations, so investors shouldfirst consult their legal, tax, or financial professional. Also,not all charities have the administrative resources to acceptand liquidate such assets. This is where you might considera donor-advised fund (DAF) program (see next page for Private WealthManagementwilliamblair.com more information). DAFs are able to accept these assets andcan work with investors and their financial professionals,providing them with guidance throughout the process. Gifts That Protect Assets and Pay Income Charitable Gift Annuities To establish a charitable gift annuity, a donor makes a gift ofcash or appreciated securities to a charity. In exchange, thedonor is eligible to receive a charitable income tax deductionand receives periodic payments for life. Payment amountsmay be made to the donor or to another person and are basedon the age of the person receiving the payments. Life Insurance Name the charity of your choice as beneficiary of all or apercentage of a fully paid life insurance policy you mayno longer need and you may receive a charitable estate taxdeduction for the portion you designate for charity. Charitable Remainder Trusts A charitable remainder trust is established when cash orsecurities or another asset are transferred to a trust. Thedonor or other designated recipient receives payments fromthe trust for life or for a term of years (not exceeding 20). Atthe end of the lifetime or term of years, the trust terminatesand the assets pass to charity. Charitable remainder trustsmay be most suitable for individuals who own low-basis, high-quality, appreciated securities and would like to increase cashflow and diversify assets in a tax-efficient manner. Donations of IRA Assets If you are 70 ½ years of age or older and have a traditionalindividual retirement account, you can make an immediateand tax-efficient impact through a qualified charitabledistribution (QCD). QCDs count toward the IRA owner’srequired minimum distribution (RMD) each year. For somedonors, QCDs may provide even greater tax savings than cashdonations. The per-year limit is $108,000 per person.