Legal, Wealth & Tax Advisory Network
By guiding philanthropic families, members of the Legal, Wealth & Tax Advisory Network play a pivotal role in strengthening the power of New Jersey’s charitable organizations. The Community Foundation works one-on-one with the below legal, wealth, and tax advisors to connect charitable clients with giving options that instill change in their communities and enduring values in their families.
May 2017 Greg Singer, Sr. VP, Client Solutions & Norman Sanyour, Sr. VP, Investment Counselor; Capital Group Private Client Services
Charitable donations and gifts to donor advised funds rose substantially in 2016, due in part to anticipated tax changes this year. And while the failure of Republicans to come together on a health care plan has raised questions about the future of tax reform, it’s still likely some legislation will pass this year, in part because Republicans have a vested interest in achieving legislative victories before the 2018 midterm elections.
March 2017 Drew Maldonado, Senior Wealth Director, BNY Mellon Private Bank
As interest rates begin to rise in response to a change in fiscal policy, the traditional funding sources for a Charitable Remainder Trust might be too limited. For clients with a sizeable Municipal Bond portfolio, funding a CRUT with a portion of intermediate term bond portfolio could help protect against potential principal erosion and replace lower yielding bonds with higher yielding income stream. Please click the link below to better understand why this will be an important issue for investors over the next 3-5 years.
January 4, 2017 Gabor A. Nagy
Conventional wisdom suggests that planning for your retirement and leaving wealth to your heirs or giving to the causes that are near and dear to your heart is an either-or proposition. If I want to have more retirement income, then I have to give less to charity and vice versa. But it doesn’t have to be that way.
February 16, 2016 Michelle J. Black, CIMA®, CPWA®, Capital Group
You want to accomplish as much as possible when you donate to charity. Beyond contributing to worthy causes, that means allocating your resources as tax-efficiently as possible. Fortunately, a number of income and estate-tax planning strategies can help achieve this.
July 21, 2015 Brian Kazanchy, RegentAtlantic
As a Wealth Advisor, I work regularly with clients who have a great interest in making donations to charity. Although they could easily write checks to their favorite nonprofits, I usually suggest my clients…
January 3, 2013 Fred Schoenbrodt, Drinker Biddle & Reath
Mark Zuckerberg’s recent contribution to the Silicon Valley Community Foundation had some people wondering why he chose to make the gift to a community foundation instead of a private foundation. Why didn’t he just establish the Mark…