Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Wednesday, January 8, 2014

Charity Powered by Tax

Charity

The rates on higher-income taxpayers have increased, which attracts more charitable giving. The article below notes the importance of running the numbers to see the actual tax savings amount. It depends on many factors, such as the kind of asset given, the nature of the charitable recipient and the donor's adjusted gross income. Accordingly, the article explains the benefits of strategic giving, IRA direct charitable distribution, outright gift of appreciated securities, gifts benefiting the donor and charity, and private foundation.

See Carol Kroch, Tax-Powered Philanthropy, Wealth Management, December 10, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/01/charity-powered-by-tax.html

Estate Planning - Generally, Gift Tax, Income Tax | Permalink

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