Solutions For Your Clients
Year-End Tax Planning
Scenario: Your client just earned a large bonus and wants to give a portion back to the community, but doesn't have time to decide on the most deserving charities.
Solution: Recommend establishing a Donor-Advised Fund through the Lodi Community Foundation for an immediate income tax deduction and the ability to stay involved in recommending uses for the gift for years to come.
Scenario: Estate planning identifies significant taxes going to the IRS, but your client wants to direct dollars for local benefit.
Solution: The Foundation can work with you and your client to reduce the taxable estate through a charitable bequest or other planned gift. Your client’s gift will create a legacy of caring in the community that stays true to the charitable intent forever.
Scenario: Your client is concerned about running out of money during their lifetime but has always been charitable.
Solution: Recommend establishing a life income gift (such as a charitable remainder trust) at the Foundation that pays income potentially for life. Upon your client’s death, the gift can be distributed by the Foundation in accordance with their charitable interests.
Scenario: Your client is thinking about establishing a private foundation but is looking for a more cost-efficient, simpler way to conduct their charitable giving.
Solution: The Foundation can help you and your client analyze the pros and cons of creating a Donor-Advised Fund versus a private foundation. Creating a Donor-Advised Fund allows your client to earn returns on their investment, make grants in the community and receive income tax deductions without having to deal with the legal and administrative burdens of a private foundation.
Highly Appreciated Stock
Scenario: Your client has appreciated stock and wants to use a portion of the gains for charitable giving, but the identified charities are too small to accept direct stock gifts.
Solution: Suggest establishing a fund at the Foundation with a gift of appreciated stock. Your client receives a tax deduction on the full market value, while avoiding the capital gains tax that would otherwise arise from sale of the stock. Your client can even be involved in recommending uses for the gift, including the organizations that he/she cares about most.
Scenario: Your client wants to leave his/her estate to community and family and has substantial assets in retirement accounts.
Solution: The Foundation can help you and your client evaluate the most beneficial asset distribution to minimize taxes, giving more to her/her heirs and preserving charitable intent.
These are just a few of the ways the Foundation can provide solutions for your clients. Foundation staff is always available to discuss your client’s specific needs.