Do you have a favorite charity?
Making charitable donations has long been a staple of gift and estate tax planning for high-net-worth individuals. In addition to the satisfaction and joy of giving back to the community or supporting a worthy cause, the ability to reduce income taxes, lower the cost of lifetime transfers, and minimize estate taxes are all very appealing.
Most of us realize the IRS provides a federal tax deduction for qualified donations, however, with astute planning, let D.B. Root & Company help you explore the advantages of creating a charitable giving plan: - Donor-advised funds
- A charitable remainder trust or charitable gift annuity
- Charitable lead trust, or
- Setting up a private family foundation
D.B. Root proudly supports and is partnered with The Pittsburgh Foundation, the 14th largest community foundation in the U.S. (est. 1945). The Pittsburgh Foundation has established over 1,000 funds benefiting a wide variety of non-profit and community needs. You can establish a fund through D.B.Root & Company, and we can handle the investment management and administrative matters associated with the fund. To learn more about local charitable organizations, their missions and how effective they are, we invite you to visit Pittsburgh Gives.
Contact us if we can help to provide you with any further information.
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