Font-Size: A A A
Subscribe to Our Blog Via RSS Feed
LeverageYourGift.com Blog
Connect with us on LinkedIn

Family Stories

Posted in Charitable Planning, Philanthropy

Grandpa, tell me a story.

Grandma, tell me about growing up on the farm.

Mom, tell me what it was like when you went to college?

Dad, tell me that story about going to summer camp and getting lost in the woods.

New research is revealing the importance of family  and have more resiliency when times are tough.  Who knew that listening to Grandma’s stories about all the hard work on the farm were “good medicine”?!  It is a fascinating area of research and it is also heartening to know that the long history of human storytelling is a key to helping future generations build better connections and deal more effectively with stress.  You can read this article in the New York Times to learn more.

Charitable planners and philanthropists have long valued story telling as a way to pass along family history as well as family values and ideals.  Below is a link to a video about the importance of family stories and engaging family in planning your legacy for your family and philanthropy.

Generational Storytelling Video

After you’ve viewed the video, please visit our Leverage Your Gift website page here, where you can learn more about engaging your family and also download a Planning Your Philanthropy guide to help you get your family conversations started.  Contact us to find out more at info@leverageyourgift.com.

Disclosure:  Mark Kluge only offers securities and advisory services through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor.  Member FINRA/SIPC.  WSFG and BlueMark Advisors are separate entities, independently owned and operated.

When it Comes to Planned Giving, Cash is Not King!

Posted in Financial Planning

Highly appreciated assets such as real estate, securities or a business interest are better candidates for gifting as they offer a greater tax-play. For example, if an asset valued at $200,000 with $100,000 in basis is sold, the owner realizes a $100,000 taxable gain reducing the net proceeds available to gift to charity.  A better result would be to have the owner donate the asset to the charity which would then sell it without realizing a taxable gain.  Not only would this allow the charity to receive the full value of the asset as a gift but provide the donor with a charitable deduction based upon the full value.

Highly appreciated assets are also ideal candidates for gifting to charitable giving vehicles that provide lifetime income to donors such as Charitable Gift Annuities, Pooled Income Funds and Charitable Remainder Trusts.  In these cases, the full value of the asset can fund the charitable instrument without being subject to taxable gain creating a greater lifetime income stream to the donor(s).

In contrast, cash gifts provide a charitable deduction based upon their dollar value without enjoying any additional tax-play.

 

Review of Income Tax Deduction Rules for Charitable Gifts

Posted in Charitable Planning

This post on the Bryan Cave Life, Death and Taxes blog does a great job of summarizing the key rules for charitable deductions with clear and understandable examples. 

 

Disclosure:  Mark Kluge only offers securities and advisory services through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor.  Member FINRA/SIPC.  WSFG and BlueMark Advisors are separate entities, independently owned and operated.

 

Could a Planned Gift Boost Your Retirement Income?

Posted in Charitable Planning

Yes! Some planned gifts can generate annual income to you while leaving the remainder to the charity of your choice after death.   A charitable gift annuity, pooled income fund and charitable remainder trust are such examples. And in the current low interest rate environment, the annual income payment to you from these types of gifting tools might exceed your interest earnings from a certificate of deposit or savings account. Read more »

Does Charitable Giving Lead to Better Health?

Posted in Charitable Planning

This article from the Wall Street Journal reviews a study that suggests more charitable tax subsidies could spur reports of better health.

charitable-giving-helps-your-health

Disclosure:  Mark Kluge only offers securities and advisory services through Wall Street Financial Group, Inc. (WSFG), Registered Investment Advisor.  Member FINRA/SIPC.  WSFG and BlueMark Advisors are separate entities, independently owned and operated.

Securities offered through Securities America Inc., Member FINRA/SIPC. Advisory Services offered through Securities America Advisors, Inc. BlueMark Advisors and Securities America Companies are separate companies. Mark Kluge is licensed to discuss and/or sell securities in the following states: CA, FL, MA, NY, OH. Securities America and its representatives do not provide tax or legal advice; therefore, it is important to coordinate with your tax and/or legal advisor regarding your specific situation. Please see disclosure page for full additional disclosures.

© 2014 LeverageYourGift.com