Charitable Secrets

Charitable Secrets

By Paramount LeadershipBusinessNon-Profit
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Charitable Secrets episodes

  • Lifetime Income With Charitable Remainder Trusts

    We continue our series on Split-Interest Gifting as I talk about how to give to charity while gaining lifetime income. This is great for the donor, the investment advisor and the charity. Let's discuss how a Charitable Remainder Trust works.

    Watch This Episode: https://youtu.be/YOlJ8ZD-ivI

    Let's talk your charitable strategy: https://www.legacyglobal.org/mike

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    WATCH LIVE STREAMS

    https://www.legacyglobal.org/live

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    SUBSCRIBE TO THE SHOW

    https://www.www.legacyglobal.org/show

    AVAILABLE PLATFORMS

    Apple Podcasts: https://www.legacyglobal.org/applepodcasts

    Google Podcasts: https://www.legacyglobal.org/googlepodcasts

    Spotify: https://www.legacyglobal.org/spotify

    Stitcher: https://www.legacyglobal.org/stitcher

    Overcast: https://www.legacyglobal.org/overcast

    Breaker: https://www.legacyglobal.org/breaker

    Pocketcast: https://www.legacyglobal.org/pocketcast

    RadioPublic: https://www.legacyglobal.org/radiopublic

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    SAY HEY & CONNECT

    Facebook: https://www.legacyglobal.org/facebook

    Instagram: https://www.legacyglobal.org/instagram

    Twitter: https://www.legacyglobal.org/twitter

    LinkedIn: https://www.legacyglobal.org/linkedin

    YouTube: https://www.legacyglobal.org/youtube

    15 min
  • Get Lifetime Income While Giving To Charity

    Did you know you can give to charity and get income for life? Let's talk about how that's possible in the next episode of Charitable Secrets.

    Let's talk your charitable strategy: https://www.legacyglobal.org/mike


    Chapters:

    0:00 Start

    0:42 Intro Credits

    0:52 What Are Split-Interest Gifts?

    2:22 Why You Haven't Heard Of Them

    4:00 How Split-interests Gifts Work

    5:26 What Types of Gifts Strategies Are There?

    7:40 How To Watch The Other Episodes

    8:04 Want To Call About Your Situation?

    8:46 End Credits

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    WATCH LIVE STREAMS

    https://www.legacyglobal.org/live

    __________

    SUBSCRIBE TO THE SHOW

    https://www.www.legacyglobal.org/show

     

    AVAILABLE PLATFORMS

    Apple Podcasts: https://www.legacyglobal.org/applepodcasts

    Google Podcasts: https://www.legacyglobal.org/googlepodcasts

    Spotify: https://www.legacyglobal.org/spotify

    Stitcher: https://www.legacyglobal.org/stitcher

    Overcast: https://www.legacyglobal.org/overcast

    Breaker: https://www.legacyglobal.org/breaker

    Pocketcast: https://www.legacyglobal.org/pocketcast

    RadioPublic: https://www.legacyglobal.org/radiopublic

    _______

    SAY HEY & CONNECT

    Facebook: https://www.legacyglobal.org/facebook

    Instagram: https://www.legacyglobal.org/instagram

    Twitter: https://www.legacyglobal.org/twitter

    LinkedIn: https://www.legacyglobal.org/linkedin

    YouTube: https://www.legacyglobal.org/youtube

    9 min
  • Why Have A Family Foundation
    You can also watch this episode on Youtube
    There are a lot of details that can go into having a family foundation. Here are a few ways to create a Family Foundation:
    1. Private Foundation
    2. Public Foundation
    3. Donor-advised Funds
      4. They help instill values and traditions
      1. Involve the next generation in giving
      2. Your foundation instills charitable traditions within the family and creates generational impact to the community.
        3. Deepen social consciousness
        1. Helps the family work together on things that are important to them
        2. Many activities such as work, kids school and extra curricular activities, make it more difficult for families to talk about things that matter, let alone take action on.
        3. The foundation becomes the "entity" in which family members gather to discuss problems they would like to see resolved
        4. This helps family members get to know each other on a higher level as they discuss what is truly important to them.
          5. Maintain family ties
          1. Council meetings that can be held within the foundation create more opportunities for the family to meet together.
          2. As family grows, people move for school and careers, the council meetings create an opportunity to meet more often than just Thanksgiving.
            3. Increase personal fulfillment
            1. The benefits of philanthropy, however, are not exclusive to the recipients. Givers can also benefit from donating their time. As they give more, they often find they receive more.
            2. Giving exposes you to a deep sense of belonging
            3. You are more of a part of the community because you have investing time and, sometimes, money to it.
              4. Develop “real-world” skills
              1. Involving younger generations with the foundation can develop real-world skills
              2. They learn things like leadership and team work, investment management, social awareness and negotiations
              3. You can even involve school-aged children and help them develop these skills, well before their peers do.
                4. Tax Savings for You and Your Estate
                1. Reduce your income tax each year you make a contribution
                2. Depending on the gift, you can lessen or avoid capital gains tax
                3. Reduce or eliminate some estate taxes
                4. Grow charitable contributions by investing those funds and increasing the potential giving for future generations.

                  5. If you found this helpful, please give us a like and consider subscribing to the channel www.legacyglobal.org/youtube

                  Set up an appointment with me at Legacy Global to discuss your charitable needs and how to talk about your situation.

                  10 min
                5. Donor-advised Fund Strategies for Families

                  Donor-advised funds are very useful in charitable planning. They also have great uses when applied to families and showing family members the impact one can have on the world through charitable giving. Amanda and Mike talk about their own donor-advised funds and the experiences they have had in using them.

                  To start a donor-advised fund for free, go to Legacy Global and start the application!

                  https://www.legacyglobalcharities.org/legacyfund

                  19 min
                6. How Donor-Advised Funds Can Help With The Economic Affects of COVID-19

                  While some are not big fans of donor-advised funds, they can really help the economy in times of crisis like we find ourselves in now with COVID-19. Mike and Amanda from Legacy Global discuss how different charitable vehicles can help you and the economy at the same time. 

                  Resources in this Episode:

                  Donor-advised Funds Giving Stats: https://www.nptrust.org/reports/daf-report/

                  Donor-Advised Fund Application: https://www.legacyglobalcharities.org/legacyfund

                  Program Fund Application: https://www.legacyglobalcharities.org/fiscal-sponsorship-proposal

                  Charitable Resource Learning: http://legacyglobal.org/learning

                  The Nonprofit Forum: https://www.legacyglobalcharities.org/forum

                  14 min
                7. The CARES Act and how it can help you and your organization during COVID-19

                  Melodie Durfee and Mike Glover discuss the CARES act that just was introduced with new rules for 2020 to help the economy recover from the CORVID-19 affects. Listen in as they go into detail and how it can help businesses, individuals (and those who itemize on their taxes) and nonprofits recover from the affects of the corona virus.

                  Resources in the Episode: 

                  The CARES Act Article

                  Legacy Global

                  The Nonprofit Forum

                  Charitable Secrets Website


                  19 min
                8. How A Charitable Plan Can Help With Your Situation

                  Running a business and having a charitable mission can be difficult when you don't have the best strategies in place. Have you seen how some people seem to be giving so much to charity and also avoiding large tax bills? Michael Glover goes over a very brief explanation of some of the strategies people use in their tax and charitable strategies. Legacy Global specializes in these strategies that most charitable organizations do not cover. Find out more and subscribe to the podcast to stay up to date as we go into more details about each strategy.


                  Go to www.CharitableSecrets.com for more information.

                  6 min

                About Charitable Secrets

                From the publisher's feed

                Learn the best kept secrets when it comes to charities and non-profit operations. We discuss the strategies you and your professional advisory team need to know in order to change the world…