Individuals and organizations around the world support nonprofits, whether it be by donating their time or dollars.
While many make a one-time donation, additional opportunities to make a larger-than-life impact exist.
One such way is to consider incorporating charitable giving into your estate plan. You may be hesitant to bequeath your money to an entity other than your loved ones. However, tax incentives associated with providing for a charity are often overlooked. Additionally, your loved ones may enjoy pride through your legacy.
Options, such as family foundations, charitable trusts and charitable gift annuities, exist. These options and more should be discussed with your estate planning attorney, other advisors and, perhaps most importantly, your family.
Whether you’ve been involved in theater and wish to donate to your high school drama club, or you haven’t felt partial to a particular organization and would like to learn more about what’s available — Stock and Leader is here to help you navigate these choices.