Blog

Category: Charity

The Pros and Cons of Charitable Gift Annuities

The Pros and Cons of Charitable Gift Annuities

Posted By Lineweaver Financial Group
September 19, 2019 Category: Charitable, Annuities, Annuity, Charity, Donations

In past articles, we’ve discussed the pros and cons of private foundations and donor advised funds, but there are other options that can help people support their favorite charity while also providing income for themselves as well. One option is a charitable gift annuity, which is essentially a contract between a donor and a charity. As the donor, you’d make a sizable gift to charity using cash, securities or possibly other assets, and in return, you become eligible to take a partial tax deduction for your donation, plus you receive a fixed stream of income from the charity for the rest of your life. When you make a donation to a single charity, the gift is set aside in a reserve account and invested. Based on your age when you make the gift, or ages if it’s both you and your spouse, you’d receive a fixed monthly or quarterly payout for the rest of your life. Then, at the end of your life (again, as well as your spouse’s, if you’re giving as a couple), the charity receives the remainder of the gift. There are also many advantages to a Charitable annuity. For example, you receive an income stream for the rest of your life, you receive an immediate partial tax deduction, and there’s also the potential for part of the income stream to be tax free. Another great advantage is you can start the annuity with almost any kind of asset – including securities, property, or cash. You’ll also be able to reduce or even eliminate ca

Four Ways to Take Care of a Charity - And Yourself

Four Ways to Take Care of a Charity   And Yourself

Posted By Linweaver Financial Group
June 22, 2017 Category: Charity, Donor Advised Fund, Private Foundation Charitable Lead Trust, Charitable Remainder Trust, Tax Planning

There’s nothing that says you can’t do good in the world and do well for yourself. You may even be able to reduce your taxes, secure and income for yourself or your beneficiaries, and help a charity or -  several charities -  of your choosing. Although there are many ways to accomplish your philanthropic and financial goals, today we will focus on four smart strategies. The first strategy is that of a Donor Advised Fund or DAF. A DAF has several advantages, including: There is generally a low initial minimum to open an account (usually $5,000-$10,000) There are generally low ongoing maintenance and administrative expenses There are no annual distribution requirements There are no annual tax filing requirements Gifts can be made publicly or anonymously There are higher charitable deduction limits relative to private foundations – which we will cover in just a moment! But, there are also some disadvantages. Specifically: Some donor advised funds do not allow the donor to name successors These funds do not allow compensation for board members or staff Donor advised funds don’t allow for establishing scholarship programs The second strategy is a private foundation. The advantages of a private foundation are: The donor retains complete control of the foundation The donor can engage family members to emphasize core family values and/or legacy The donor can pay reasonable compensation to board members and/or staff The fo

Categories
General (40)
Newsletter (37)
Finance (19)
Economic Commentary (18)
Commentary (17)
Retirement (15)
Retirement Planning (14)
Letter From The President (14)
Economy (13)
Educational (12)
Portfolio (11)
Tax (11)
Financial Planning (11)
Healthwatch (10)
Lineweaver (10)
Market Commentary (8)
Taxes (8)
Blog (7)
Q3 (7)
Tax Planning (7)
Market (6)
Education Programs (6)
Health (4)
Bonds (4)
LFG (4)
IRA (4)
Estate Planning (4)
Social Security (4)
(3)
Tax Law (3)
Insurance (3)
2017 (3)
Diversification (3)
Interest Rates (3)
Market Review (3)
Trump (3)
Annuities (2)
Tax Scams (2)
Rising Interest Rates (2)
Annuity (2)
Investing (2)
HealthWatch (2)
Volatile Market (2)
Stocks (2)
Strategies (2)
Tax Cuts And Jobs Act (2)
Coordination (2)
Financial (2)
Real Estate (2)
Charity (2)
Economic Outlook (2)
Fraud (2)
Brexit Update (2)
Financial Strategies (2)
Investments (2)
2016 (2)
Election (2)
Social Security Benefits (2)
2019 (2)
High Income (2)
Q2 Newsletter (2)
Market Update (2)
Client Spotlight (2)
2018 (1)
Sell In May And Go Away (1)
Roth Conversion (1)
Quarterly Newsletter (1)
Screens (1)
Traditional Ira (1)
Congress (1)
Dementia (1)
Eye Strain (1)
Stock (1)
Financial Quarterback (1)
Sell (1)
Roth Ira (1)
Buy (1)
Cooking (1)
Q2 2019 (1)
James Lineweaver (1)
Market Outlook (1)
Tips (1)
Q1 (1)
New Years Resolutions (1)
Pro Football Hall Of Fame (1)
Financial Goals (1)
Anne Graffice (1)
Vacation Home (1)
Chad Roope (1)
David Baker (1)
Sring Cleaning Your Finances (1)
Exercising (1)
Keeping Your Mind Sharp (1)
Healthy (1)
Legal (1)
Wills (1)
Jim Lineweaver (1)
Statements (1)
Review (1)
2021 Outlook (1)
2020Q3 (1)
Medicare (1)
Medicare Supplements (1)
Your Retirement Playbook (1)
2020Q4 (1)
Markets Don\'t Pick Sides (1)
Sleep (1)
Healthy Living (1)
Eductional (1)
Probiotics (1)
News (1)
Awards (1)
Crain\'s (1)
Investment. Advisers (1)
Dividends (1)
Technology (1)
Education (1)
Planning (1)
College (1)
2020 (1)
Steps (1)
Credit Unions (1)
POA (1)
Pse (1)
Big Banks (1)
Savings (1)
Checking (1)
Banking (1)
Longterm Care (1)
Healthcare (1)
Elder Law (1)
Power Of Attorney (1)
Nutrition (1)
Charitable (1)
Donations (1)
End Of Year Taxes (1)
Tax Strategies (1)
Black Swan (1)
CARES (1)
CARES Act (1)
Marital Trust (1)
Stimulus (1)
Vacation From Investments (1)
Distribution (1)
Bloodline Trust (1)
Roth (1)
Retiring (1)
Self Employed (1)
Business Owners (1)
Annuity Alternatives (1)
Life Insurance (1)
Dividend (1)
Bonds Ladder (1)
Policy (1)
Donor Advised Fund (1)
Retire Early (1)
Private Foundation Charitable Lead Trust (1)
Charitable Remainder Trust (1)
Growing Your Wealth (1)
REITs (1)
Risk Management (1)
Protection (1)
North Korea (1)
Conflict (1)
Lineweaver Wealth Advisors (1)
Legacy (1)
Retire (1)
Expense (1)
Gifting (1)
Retirement Tips (1)
Financial Advice (1)
Financial Advisor (1)
Social Security Planning (1)
Charitable Contributions (1)
Women And Money (1)
Service Day (1)
Harvest For Hunger (1)
Candidates (1)
Q1 2017 Newsletter (1)
Politics (1)
Fall 2016 (1)
Financial Health (1)
Holiday Planning (1)
Stockpile (1)
Holiday Gifts (1)
1st Quarter (1)
2016 Market (1)
Winter 2017 (1)
Mutual Funds (1)
Costs (1)
Trusts (1)
Markets (1)
New Tax Law (1)
529 Plans (1)
Charitable Giving (1)
Q2 (1)
New Website (1)
Bruce Motko (1)
Travel Tips (1)
Travel (1)
Drink Water (1)
NAFTA (1)
Market Volatility (1)
Cryptocurrency (1)
Investment (1)
Bitcoin (1)
Advice (1)
Summer (1)
Q3 Newsletter (1)
In Laws (1)
Inheritance (1)
Trading (1)
Tariffs (1)
401(k) (1)
Tax Cuts (1)
Equifax (1)
Mark Sipos (1)
2017 Q4 (1)
Identity Theft (1)
Third Quarter (1)
Tax Cuts And Job Act (1)
Introducing (1)
Kids (1)
Grand Kids (1)
Jobs (1)
RMD (1)
Lose Weight (1)
Eat More (1)
Market Review 2017 (1)
Letter From The President New Years Resolutions (1)
Transfer Real Estate (1)
Defer Tax (1)
Top Financial Strategies Of The Wealthy (1)
Market Pullback (1)
Reallocation (1)
Pros And Cons (1)
+ Show More

Terms and Conditions | Privacy Policy | Disclosures

Lineweaver Financial Group ©
Powered by Virteom Logo Virteom