Mapping Out Charitable Giving Plans: Motivations, Selection of Property Types, Giving Vehicles and Structure

Charitable giving is a long-standing and important tradition in America. For many Americans who give to charity, the benefits are twofold - charitable gifts allow us to support causes that are important to us while reducing our taxes. Our panel of experts discusses what may motivate a client to give to charity, including philanthropy, legacy, estate planning and/or tax advantages. The panel also reviews the charitable deduction and the considerations that should be kept in mind when deciding on the type of property to give to charity. Finally, the panel provides an overview of various charitable giving vehicles, and how to choose and structure the technique to achieve your client's charitable goals.