• Do you want to engage your family in your philanthropy, or do you envision it as more of a solo project?
Assisting Clients Who Are Actively Considering a Charitable Vehicle
At a certain level of wealth, clients are ready to move from checkbook philanthropy to a more formal giving vehicle. Not only does a giving vehicle provide a more organized and formalized platform from which to conduct their giving, but it also provides important tax-planning benefits. The following questions will help you assess your client’s current and prospective needs, and enable you to determine which charitable vehicle might be the best fit.
Client Checklist
What motivates you to establish a charitable vehicle?
• Are there certain charitable vehicles that you are considering?
• Are you planning to include your family in your philanthropy?
• How long do you want your philanthropic legacy to continue? Do you want your family to retain control over your charitable assets for one generation, two generations, or in perpetuity?
• Is anonymity a must-have? For some donations? All donations?
• How important is control over your investments? Over grant decisions?