Everyone has their own reason for gifting their assets or a portion of their income to charitable organizations.
Often times, an individual will designate a charitable beneficiary in their will to benefit the organization after the individual dies. Understanding how properly structured charitable gifts can provide current benefits for both the donor and the charity could be important for the charitably inclined.
Charitable planning involves tax issues that should be discussed with a qualified tax or financial professional. For more information of charitable planning, please contact us today.