Happy Giving Tuesday!
If you have never heard of it, Giving Tuesday began in 2012 as a simple way to encourage people to do good. Over the years, it has become a focus on non-profits to fundraise that day to capitalize on the global movement. You can learn more about the concept on their website.
It may seem counterintuitive, but one of the best ways to maintain wealth may be to give some of it away. The tax code is designed to encourage philanthropy that will support a wide range of worthy organizations. If planned correctly, charitable giving is a smart strategy to reduce your tax liability while also funding causes that are meaningful to you.
I work with a team of experts to create giving plans that benefit my clients as well as numerous charities. The team includes experienced certified public accountants, lawyers and financial planners. Together, we help you explore giving vehicles like charitable remainder trusts, donor-advised funds and qualified charitable distributions.
The best part is that you are in charge of the charitable giving. Support the organizations that align with your values. Give to charities whose work you admire. Put your money to good use.
If you would like to discuss ways to maximize your charitable contributions, please call the office to set up a meeting with Gautam.