GIVING BACK with plaed PHILANTHROPY
Success i life is about more tha amassig wealth. It s about the coscious legacy you leave behid for your loved oes, commuity, ad society. We created this special report to share some of the fiacial ad social beefits of a proactive approach to philathropy. STRATEGIES FOR creatig chage THROUGH YOUR LEGACY itroductio Success i life is about much more tha wealth. Givig back to your commuity ad supportig your values through the gift of your resources ad time is a extraordiary way to cosciously defie your family s legacy. Affluet Americas are becomig more strategic about their givig ad wat to egage more with oprofits i their areas of focus. High impact givig is becomig icreasigly popular amog America doors who wat to esure that their gifts are beig used properly ad who wat to measure the effectiveess of their doatios. Plaed givig allows you to combie your charitable goals ad values with your persoal fiacial strategies. Workig with a professioal to iclude philathropy i your fiacial objectives ca help you develop a approach to givig that s right for your family ad your persoal values. why IS PHILANTHROPIC PLANNING IMPORTANT? Plaed givig beefits both doors ad the charitable orgaizatios they choose to support. Today s world is complex ad may importat issues require iformed solutios to address. Plaig your givig allows you to educate yourself about causes ad issues ad develop relatioships to esure that your gifts make the greatest impact o the problem you re tryig to address. We developed this special report to help you uderstad how philathropic plaig ca help you create a stroger legacy ad icrease the impact of your givig. To kow eve oe life has breathed easier because you have lived that is to have succeeded. Ralph Waldo Emerso
PHILANTHROPIC PLANNING beefits CHARITIES Charities ca pla more efficietly ad fulfill their missios more effectively whe they ca be secure i their fudig sources. Charity Navigator, a idepedet charity evaluator that rates oprofits based o fiacial trasparecy ad accoutability, has foud that most highly successful charities sped as little as possible o fudraisig ad marketig activities. By establishig a log-term relatioship with a charity, you ca help reduce the amout of time, moey, ad eergy required to raise fuds ad help them get back to supportig the cause. Establishig a relatioship with a charity ca also help you ifluece their missio ad motivate them to achieve goals i order to receive more fudig. Americas are some of the most geerous people i the world. Collectively, Americas doated over $335 billio to charity i 2013. Source: Givig USA 2014 via Charity Navigator Thik about the log-term impact of your philathropy. Resposible givig requires due diligece ad a good match betwee your values ad a charity s missio.
PLANNED GIVING beefits DONORS Philathropic plaig ca work effectively as part of a overall fiacial strategy because it allows you, the door, to set goals for your givig. Whe doors oly give i respose to solicitatios from charities, they allow others to determie how ad whe moey is give. If you were to review your past gifts, what patter would emerge? Has your giftig bee itetioal ad drive by your passios ad values? Or has it bee largely motivated by exteral solicitatios from frieds, family, ad charities? Plaig your charitable activities also helps you esure that your moey is beig used as you iteded ad that your gifts make the most impact. The plaig process also helps you take a proactive approach to charitable work by allowig you to do the due diligece eeded to uderstad a cause or problem, ad idetify the major orgaizatios committed to makig a differece. By developig a iformed uderstadig of the issues, you ca take cotrol of your fiacial relatioship with orgaizatios ad become a strategic parter as well as a fiacial cotributor. Icludig charitable givig as part of your overall fiacial objectives ca also potetially reduce your tax burde. While most people give to charity for o-fiacial reasos, it s importat ot to igore the potetial tax beefits. By thikig proactively, it may be possible to idetify tax-efficiet strategies that are able to icrease the amout of moey you make available for your philathropic goals. Our firm is committed to supportig our commuity through philathropy. Cotact us if you would be iterested i helpig us orgaize a charity evet.
USE PHILANTHROPY TO support YOUR PERSONAL VALUES A persoal or family missio statemet ca help you defie your family s core values ad clarify your philathropic goals. Attached to this report is a worksheet that will help you ad your family explore your persoal values ad coect them to the charitable causes that are close to your heart. We recommed that you complete the worksheet together ad brig it whe you meet with your fiacial professioal. Philathropy does t have to be all about moey. May retirees make valuable cotributios of time to support the causes they love. The beefits of voluteerig ca be maifold: icreased wellbeig, ew relatioships, commuity egagemet, ad the joy of kowig that you have made a differece i the world. BECOME A SAVVY AND egaged PHILANTHROPIST May Americas are becomig savvier about their givig ad wat to kow that their doatios are makig a differece. Oe of the ways i which orgaizatios are judged is by their fiacial efficiecy. Accordig to Charity Navigator, highly raked oprofits sped a average of 65% or more of their aual budget o program expeses (actually deliverig o their missio), less tha 15% o admiistrative expeses, ad less tha 10% o fudraisig expeses. 1 While idividual orgaizatios may certaily deviate from these orms for very good reasos, make sure you uderstad how every dollar you doate is beig used. As a door, you should ecourage trasparecy i orgaizatios by askig them to make their fiacial statemets publicly available. ABOUT PHILANTHROPY IN THE U.S.: 95% of wealthy Americas doate to charity 89% doate their time ad talets 71% of wealthy doors use strategies to guide their philathropy 81% have a specific focus to their givig 40% of wealthy doors cosulted a professioal to help guide their givig 33% of wealthy doors ivolve childre ad gradchildre i makig givig decisios 51% of ext geeratio family members leared their philathropic values from the persoal givig of family ad frieds 2012 Bak of America Study of High Net Worth Philathropy OPTIONS FOR givig Here are a few of the most commo ways to give through charity: A scholarship at your alma mater or a school of your choice ca allow you to make a major impact o the future of future geeratios of studets. Sustaiig doatios allow you to provide regular support to charities without the fiacial burde of a large doatio. A door advised fud allows you to leverage professioal maagemet while choosig whe ad how to make charitable doatios. A charitable remaider trust is a tax-exempt trust that ca make paymets to you over your lifetime ad distribute the remaider to charitable iterests. Life isurace ca allow you to keep your assets while beefitig charitable causes after your death. key facts
SHOULD I GIVE NOW or GIVE LATER? Our cliets ofte ask us whether they should give moey to charitable causes ow or iclude charitable gifts i their estate. Decidig whe to make a philathropic gift is a very persoal decisio that is based o a umber of variables, icludig your overall fiacial health. A qualified fiacial professioal ca help aalyze your persoal situatio ad develop philathropic strategies to meet your eeds. GIVING ow ALLOWS YOU TO: Actively participate i charitable activities ad maage your doatios. See the positive effects your philathropy has o the causes you care about. Establish a active culture of philathropy i your family ad build family bods. Egage with a orgaizatio ad make your mark o its missio. GIVING later ALLOWS YOU TO: Keep cotrol of your assets as log as you eed. Take advatage of potetial market growth opportuities. Gather iformatio over time o what charitable itervetios are most successful. HOW CAN WE support YOUR PHILANTHROPIC GOALS? Our expertise exteds the creatio of basic fiacial strategies. We work with our cliets to move beyod immediate fiacial eeds ad discover their higher purposes. Our goal is to help you ad your family defie your persoal values ad support you durig your philathropic jourey. We ca help you: Explore your values ad create a family missio statemet. Idetify the right structure for your givig ad create a philathropic strategy that fits your eeds. Uderstad how plaed givig ca fit ito your existig fiacial strategies. Develop your persoal legacy ad a visio for your family s future. I our experiece, oe of the greatest beefits of workig with a fiacial professioal is the reassurace of kowig that you have a team of passioate experts at your side. Through our etwork of iteral ad exteral professioals, we ca help you idetify charitable parters ad coduct due diligece to help esure your gifts are beig used as effectively as possible.
RESOURCES FOR FURTHER READING: Ispired Philathropy by Tracy Gary is a egagig resource for uderstadig how to icorporate charitable givig ad philathropy i your family s legacy. Cotact our office for a copy of this ispirig book. We hope that you ve foud this report to be useful. Whether you re already actively egaged i philathropy or are cosiderig it for the first time, thikig about the ideas we ve preseted here ad workig through the questios i the attached worksheet ca help you make more effective ad satisfyig choices i your givig. Whe you re ready to put your values ito practice, we ecourage you to reach out ad give us a call so that we ca work together to icorporate philathropy ito your curret fiacial strategies ad start buildig your charitable legacy. Charity is oe of our most cherished persoal values ad we truly ejoy supportig our cliets as they i tur help others. If you have ay questios about philathropic plaig or ay other persoal aspiratios, please give our office a call, we d be delighted to hear from you. Sicerely, Mark Sherwi Foototes, disclosures ad sources: ext steps IRS Circular 230 Notice: We are required to advise you o perso or etity may use ay tax advice i this commuicatio or ay attachmet to (i) avoid ay pealty uder federal tax law or (ii) promote, market or recommed ay purchase, ivestmet or other actio. The ifor matio ad opiios cotaied i this documet are for backgroud purposes oly ad do ot purport to be full or complete, ad is subject to chage. No represetatio, warraty, or udertakig, express or implied, is give as to the accuracy or completeess of the iformatio or opiios cotaied i this documet, ad o liability is accepted as to the accuracy or completeess of ay such iformatio or opiios. Sage does ot provide tax, legal, or accoutig advice. I cosiderig this material, you should discuss your idividual circumstaces with a tax, legal ad/or accoutig professioal before makig ay decisios. Sage Capital Advisors, Ic. is licesed to offer isurace products i Florida. Opiios, estimates, forecasts ad statemets of fiacial market treds that are based o curret market coditios costitute our judgmet ad are subject to chage without otice. This material is for iformatio purposes oly ad is ot iteded as a offer or solicitatio with respect to the purchase or sale of ay security. Ivestig ivolves risk icludig the potetial loss of pricipal. No ivestmet strategy ca guaratee a profit or protect agaist loss i periods of decliig values. Fixed icome ivestmets are subject to various risks icludig chages i iterest rates, credit quality, iflatio risk, market valuatios, prepaymets, corporate evets, tax ramificatios ad other factors. Opiios expressed are ot iteded as ivestmet advice or to predict future performace. Past performace does ot guaratee future results. Cosult your fiacial professioal before makig ay ivestmet decisio. Opiios expressed are subject to chage without otice ad are ot iteded as ivestmet advice or to predict future performace. All iformatio is believed to be from reliable sources; however, we make o represetatio as to its completeess or accuracy. Please cosult your fiacial advisor for further iformatio. These are the views of Platium Advisor Marketig Strategies, LLC, ad ot ecessarily those of the amed represetative, Broker dealer or Ivestmet Advisor, ad should ot be costrued as ivestmet advice. Neither the amed represetative or the amed Broker dealer or Ivestmet Advisor gives tax or legal advice. All iformatio is believed to be from reliable sources; however, we make o represetatio as to its completeess or accuracy. Please cosult your fiacial advisor for further iformatio. By clickig o these liks, you will leave our server, as they are located o aother server. We have ot idepedetly verified the iformatio available through this lik. The lik is provided to you as a matter of iterest. Please click o the liks below to leave ad proceed to the selected site. 1 http://www.charityavigator.org/idex.cfm?bay=cotet. view&cpid=48#.vawnrlysxsi
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