Charitable giving strategies
Crafted to maximize client generosity
GCF supports professional advisors by serving as an extension of your services, benefiting both you and your clients who are passionate about charitable giving. Our team’s expertise in charitable giving vehicles and tax strategies helps maximize your clients’ giving potential, offering greater tax benefits and ensuring a smooth implementation process.
GCF offers a variety of tools to maximize giving and to help your clients’ reach their philanthropic goals.
By far the most popular and accessible tool for taxwise charitable giving, donor advised funds offer an easy, flexible, and powerful way to structure your clients’ giving.
GCF can work with you to craft a planned gift through your clients’ will, retirement assets, life insurance or other resources, allowing them to support causes they care about long after their lifetime.
A private or family foundation provides a personalized experience for generous individuals. GCF offers board support, strategic planning, back-office assistance, and more.
Help your clients' generosity go further
Contact us
Leah Bobbey, CAP®, CFRE, Director, Professional Advisor Relations at 513-768-6123 or [email protected].
Many donors have more wealth in noncash assets than in cash. By gifting highly appreciated assets to a fund at GCF, donors avoid capital gains taxes. Additionally, donors may receive a charitable tax deduction based on the fair market value of the asset, which can be more than they would receive from a cash donation. This maximizes a donor’s giving potential without reducing cash flow.
Through donor advised funds (DAFs), fundholders can help maximize their charitable giving by bunching gifts. By combining — or bunching — two or three years of annual donations into one year with a gift to a DAF, alongside other itemizations, fundholders can accrue total tax deductions greater than the standard deduction. Then they can distribute grants over time.
Donors aged 70 ½ and older may make tax-free charitable gifts each year through the IRA’s Qualified Charitable Distributions (QCDs). The law allows each individual to transfer up to $111,000 of their IRA assets directly to a qualified public charity such as GCF. Because those assets are not recognized as income, they will not accrue federal income taxes.
The Endow Kentucky Tax Credit enables Kentucky income taxpayers to receive a state tax credit of up to 20 percent of a charitable gift to an endowment at a qualified community foundation for the benefit of Kentucky-based nonprofit organizations. It’s a tax-smart way to provide sustained support to a donor’s favorite Kentucky nonprofits.
Our team is happy to chat through scenarios, tax strategies and more!
513-768-6171
[email protected]
513-768-6123
[email protected]
