Amplified Giving

Now is a Great Time to Donate Specialty Assets

[fa icon="calendar'] July 20, 2018 at 2:48 PM / by Matt Keller posted in Insider Tips, Philanthropy, Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction, Specialty Assets

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Donor-Advised Funds (DAFs) have been the fastest growing philanthropic vehicle for the past five years. One of the main reasons for their popularity is their ease of use. Many advisors describe DAFs to their clients as philanthropic savings accounts. Once the assets are given, the tax deduction can be made right away and the fund holds the charitable gift until the donor recommends grants to qualified charities.

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Own a Business? You May Still Benefit from a Qualified Business Income Deduction

[fa icon="calendar'] June 18, 2018 at 11:07 AM / by Matt Keller posted in Insider Tips, Philanthropy, Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction, QBID

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Sifting through the new tax laws to find potential deductions can be tricky. While the standard deduction has increased for individuals, deductions for qualified business owners can be a little more complicated because of the new Qualified Business Income Deduction (QBID) introduced at the beginning of 2018.

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Taxed from Tax Season? We may have a tool to help.

[fa icon="calendar'] May 22, 2018 at 5:18 PM / by Matt Keller posted in Insider Tips, Philanthropy, Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

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Now that your taxes are filed or you’ve filed an extension, the thought has probably crossed your mind about how you could ease the pain of that tax bill next year. RenPSG has several philanthropic tools to help take some of the teeth out of the tax bite. Here, we will share with you the different gift types we can help you to establish and how they may help you cut your tax burden as well as reach your philanthropic goals.

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Unpacking the Future of Philanthropy

[fa icon="calendar'] March 27, 2018 at 10:16 AM / by Dan Greenspon posted in Insider Tips, Philanthropy, Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

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Recently, I attended the Alliance for Charitable Reform Summit for Leaders in Washington, D.C. and I came away with many thoughts for the near future of philanthropy. While there is still a lot to unravel from the recent passage of the Tax Cuts and Jobs Act of 2017, the shift in charitable giving is already being felt in the industry. I’ve been reading a lot of articles that have both positive and negative impacts on donors and charities and wanted to summarize my thoughts here.

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Looking for New Ways to Attract New Assets?

[fa icon="calendar'] February 8, 2018 at 2:12 PM / by Greg Staab posted in Insider Tips, Philanthropy, Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

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It’s no secret, if your business is not growing, it will soon be extinct. In a recent Forbes Magazine study of 803 financial advisors, 91% of them cited their number one concern as how to grow their asset base. It makes sense, we all know what happens to our client’s portfolios when they pass away, or when clients need cash flow at retirement, or one of the myriad reasons assets go out the door. What makes pursuing new assets more challenging is that 88% of those surveyed reported there is intense competition for wealthy clients. There is not only the efficiency of more assets per individual, but there are more options to generate revenue from non-investment solutions.

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Next-Generation of Giving Power

[fa icon="calendar'] January 24, 2017 at 4:07 PM / by Renaissance posted in Philanthropy

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Making the Most of Trump's Probable Tax Cuts

[fa icon="calendar'] November 17, 2016 at 10:46 AM / by Renaissance posted in Philanthropy

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Our team loves to share great reads and yesterday a piece by Ben Steverman on Bloomberg.com was circulated. Be sure to take a few minutes to read the article but the overall premise he makes is to get your deductions this year because next year’s deductions may be less valuable. Of course, we were most interested in the portion of the article on charitable giving.

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Expand your Base of Charitable Giving Knowledge

[fa icon="calendar'] September 7, 2016 at 8:18 AM / by Renaissance posted in Philanthropy

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With Labor Day weekend behind us, we say good-bye to summer and gear up for our favorite time of year; giving season.

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Introducing RenPSG

[fa icon="calendar'] May 24, 2016 at 4:29 PM / by Renaissance posted in Philanthropy

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DAF Stats: Baby Boomers Lead the Way but Millennials Gaining Ground on Gen X

[fa icon="calendar'] December 11, 2015 at 12:49 PM / by Renaissance posted in Philanthropy

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For more than a decade donor-advised funds (DAFs) have been the fastest growing giving vehicle in the charitable giving landscape.  So what draws donors to DAFs?  When we peel back the layers, we find a whole host of reasons and benefits.  In addition to being easy to establish, DAFs offer an immediate tax benefit, a tax free environment for appreciated assets to be sold, anonymity in giving, family involvement, and the ability to spread giving over many years.

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