We are Justabout your charitable donations.

Many of our clients are charitably inclined, and some have typically given cash to charities each year. We review the assets of these clients to see if it makes sense to give highly appreciated securities rather than cash. They can save money on taxes as well as benefiting from the charitable gift. The Tax Cuts and Jobs Act passed in 2017 significantly increased the standard deduction and took away the tax benefit of charitable giving for many people. We help clients to examine possible ways to still benefit from charitable gifts.

We help clients to determine if it makes sense to set up a donor advised fund that they can control through national companies such as Fidelity or Schwab or local foundations where they are located, such as the Pittsburgh Foundation or the Washington County Community Foundation if they reside in the Pittsburgh area. Some clients may choose to set up their own foundations, and we can work with them and attorneys to do so. An advantage of these strategies is that gifting can be done in larger amounts into the donor advised fund or foundation, but it does not all need to be distributed annually. So, they can benefit on their tax return by being able to itemize deductions while not being required to distribute all of the money in one year.

Let’s talk about Helping Others.