Charitable Giving
To meet the philanthropic desires of our clients, WTAS established a large, dedicated practice focused on creative charitable institutions, a key component of income, estate, gift and trust planning.
As author of the highly regarded treatise, Tax Economics of Charitable Giving, WTAS has the necessary knowledge and experience to help clients achieve their philanthropic objectives. We know how to effectively handle the tax and financial considerations applicable to charitable giving. Our services include:
- Income tax minimization planning
- Estate, gift and generation-skipping transfer tax integration
- Design of charitable gifts, including outright vs.deferred gift considerations
- Selecting the right vehicle, such as a trust, public or private foundation or charitable gift fund
- Creation of private charities
- Selection of appropriate assets to fund a charitable entity, including appreciated property, works of art and other collectibles, life insurance policies, limited partnership interests, etc.
- Gifts of partial interests such as qualified conservation easements or reminder interests in a personal residence or farm
- Selection of steward of charitable entity — trustee, foundation manager, etc.
- Documentation and substantiation of charitable gifts, including special valuation issues and qualified appraisal requirements
- Representation before IRS on charitable giving tax issues