Our Foundation Office can help you articulate your vision for a foundation and make it a reality.

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You can use a wide array of charitable giving strategies to help define your legacy.

What is the right giving strategy for you?

Our philanthropic specialists can help you figure it out

Find a local
Private Bank Advisor

You can support a cause you believe in and potentially reduce your tax burden by giving a charitable gift through a variety of different structures, including:

  • Private foundations
  • A Charitable Remainder Trust
  • Designating a charitable organization as a beneficiary on a life insurance policy

Charitable Remainder Trusts can provide income during your lifetime, with the remaining assets going to the charity of your choice.

A Charitable Remainder Trust enables you to:

  • Donate to a favorite charity
  • Receive tax benefits*
  • Gain a source of fixed income

A Charitable Remainder Trust is typically funded with highly appreciated assets, such as real estate, stock, or high-value collectibles, because you do not pay capital gains taxes on the assets transferred into the irrevocable trust. You may also benefit from an income tax deduction on the present value of the donated assets.

When you don't want your philanthropic goals to reduce your family's inheritance, life insurance can be a powerful tool.

Life insurance can be used to replace the value of donated assets. For example, you may decide to use the savings generated from the tax deduction on an outright gift. You might also use the income generated by a Charitable Remainder Trust to purchase a life insurance policy, equal in amount to the donated assets, and designate your heirs as the beneficiary.

 Disclosures

* The information contained herein is for information purposes only, is not designed to address your financial situation or particular needs and does not constitute the rendering of tax or legal advice. You should consult with your tax advisor or attorney for advice pertinent to your personal situation.

To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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