So many times in life we think we must choose between two alternatives, like two different cups of coffee. When making a gift to support the causes they care about, many people feel like they either have to choose between making a sizable gift today, so they can receive any up-front tax benefits and see firsthand the result of their gift, or holding off on making their intended gift until much later, when they know they won’t need that particular asset or money during life.
With the first option, they would receive up-front tax benefits and see their gift at work. With the second, they maintain the flexibility in the event of unanticipated needs.
Similar to finding your perfect coffee blend, there is a way to blend your personal philanthropy that is right for you. The idea is that you make a starting gift with a current gift of cash, securities or real estate. Then you find the planned gift method, maybe a bequest, charitable trust or gift annuity, that works best for your situation.
Contact us to talk about the many different ways you can create a custom gift.