One of the essential steps in developing a philanthropic strategy is determining which giving vehicle is right for you. Since there is an array of charitable approaches, it’s important to answer some basic questions: What are the different types of giving vehicles? Are they mutually exclusive or can they be combined in a broader philanthropic strategy? Which one is best aligned with your charitable goals? SSIR publisher Michael Gordon Voss speaks with Vonny Carrington, partner with Cerity Partners, and Julia Reed, director of relationship management with Schwab Charitable, who will guide us through the options available to donors looking to make a positive impact in the world.
The vast majority of Americans tend to handle their charitable contributions using fairly straightforward means, opening their wallet or personal checkbook. But for many people, there may be advantages to the use of what are broadly referred to as a planned giving vehicle. Benefits can typically include favorable tax treatments of assets in the vehicle or the ability to take a tax deduction in the current year for gifts that are made in the future, among others. So what are these various types of giving vehicles and how can you determine which one might be best aligned with your charitable goals and objectives? Are they mutually exclusive or can they be combined in a broader philanthropic strategy? And once you’ve decided which to pursue, how do you get started?
To shed some light on the various options available to donors, we’re joined today by two individuals who have dedicated themselves to providing practical, real-world answers to donors’ pressing financial questions.
Read the full article about giving vehicles by Vonny Carrington, Julia Reed & Michael Voss at Stanford Social Innovation Review.
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