Stories

501(c) What?: Decoding Jargon to Determine Deductibility

In the wake of tax season each spring, a new crop of questions may arise concerning clients’ gifts to various organizations and whether those donations qualify as tax-deductible charitable contributions. Keep in mind that Section 501(c) of the Internal...

Cash Crunch: Gifting Non-Income Producing Assets

For clients who rely on fixed-income assets, such as bonds, as well as wages, to cover their living expenses, the inflation pinch indeed may mean fewer dollars available for charitable giving. Still, for clients who own property, stocks and other assets that...

Keep An Eye On These White House Tax Proposals

With President Biden’s Build Back Better 2022 budget reconciliation bill still pending, the White House recently released its Fiscal Year 2023 budget proposal laying out several revenue-generating components and including a "deficit-neutral reserve fund" to...

200 Years – 200 Women Campaign: Q&A with donor Cheryl Nilsen

The 200 Years – 200 Women Campaign commemorates Bath Township’s bicentennial by honoring women who have made a positive impact in the community. Gifts enrich the Bath community for current and future generations – a fitting tribute to a wife, mother,...

Is it time to talk with your donors about giving retirement assets to support your mission?

The Covid era is sometimes referred to as the Great Resignation because of the large number of people who have exited the workforce in the last couple of years. Some are referring to this period as the Great Retirement, considering that, as Goldman Sachs...

How to Spark Giving Conversations With Business Owners

More than half of the country’s GDP is generated by the 5.5 million family-owned businesses in the United States. Profits aren’t the only priority for most family businesses; in fact, the vast majority of family business owners report that other factors,...

Transfer of Wealth: Ways to Preserve Your Clients' Legacies

"The greatest wealth transfer in modern history has begun," according to a mid-2021 report in the Wall Street Journal. And, with tax reform’s big bite into estate values off the table, at least for now, many of your older clients may be thinking seriously...

Tax Reform Update: Impact on Charitable Giving Strategies

Last year’s heavily-debated versions of the Build Back Better Act called for tax increases that could have impacted charitable giving. But, as 2022 gets into full swing, the legislation that is eventually passed may bear little resemblance to earlier...

Don't Overlook These Powerful Charitable Planning Tools

Designated funds and field-of-interest funds may not always be top of mind when you are developing philanthropy plans for your clients and their families, but they are extremely valuable tools in certain circumstances and it’s important to be aware of what...

Akron Couple Creates Lasting Legacy Through Estate Plans

Amid the uncertainty of the COVID-19 pandemic, many clients are relying on their trusted advisors for peace of mind about the future. Creating a sound estate plan can help clients feel confident that their assets will be taken care of both now and after their...

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