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 Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction, Philanthropy, Insider Tips, Specialty Assets

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

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 Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction, Philanthropy, Insider Tips, QBID

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

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 Charitable Giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction, Philanthropy, Insider Tips

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

Unpacking the Future of Philanthropy

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

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

Looking for New Ways to Attract New Assets?

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

[fa icon="comment"] 0 Comments

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.

Read More [fa icon="long-arrow-right"]

"Bunch" Your Charitable Giving to Maximize Tax Deductions

[fa icon="calendar'] January 16, 2018 at 4:54 PM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

[fa icon="comment"] 0 Comments

According to the IRS, more than 36 million people offset their 2015 tax bills by taking charitable-giving deductions. The new Tax Cut and Jobs Act passed by congress and signed into law in December increases the standard deduction that taxpayers can claim from $6,350 for single filers and $12,700 for those filing jointly to $12,000 and $24,000 respectively. Many feel that increase may lead to fewer taxpayers itemizing and a potential drop in charitable giving. But there is a way for charitable-minded individuals to continue to make gifts and get the tax breaks they’ve come to enjoy. It’s what accountants call “Bunching.”

Read More [fa icon="long-arrow-right"]

Open a Donor-Advised Fund with Bitcoin

[fa icon="calendar'] December 21, 2017 at 5:08 PM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

[fa icon="comment"] 0 Comments

Investment savvy individuals are taking note of the skyrocketing prices of cryptocurrency like Bitcoin over the past several months. Many may still not know much about this virtual asset or how it works, but several who have it are calling RenPSG to open Donor-Advised Funds with it and alleviating some of their tax burdens.

Read More [fa icon="long-arrow-right"]

Uncertainty over Tax Reform Drives Investors to Charitable Gifts

[fa icon="calendar'] November 28, 2017 at 9:05 AM / by Matt Keller posted in Charitable Giving, year-end giving, Donor Advised Fund, DAF, Tax Reform, Tax Deduction

[fa icon="comment"] 0 Comments

Rarely does a week pass without some shakeup in Washington D.C. making the headlines. Most recently, the debate over tax reform has taken center stage and on this Giving Tuesday, it is a pertinent time to examine how the proposed changes are sure to influence charitable giving practices. Investors across the country are taking note and have been making serious moves to benefit from the existing tax laws before any changes go into effect.

Read More [fa icon="long-arrow-right"]