'Giving While Living' Analysis (Living Legacy)
This analysis is designed to assist a family in determining if there are available resources to fund their charitable interest. The analysis quantifies the financial impact (if any) on a family if they have a desire of increasing their current annual giving. We typically make our charitable donations by writing a cheque or donating cash. Due to recent favourable tax legislation, the donation of assets, particularly at the time of a sale can decrease the amount of taxes paid, or increase the amount received by charity. The analysis will recommend the most tax efficient method of funding your charitable interests. .
Your Philanthropic Planning Service will include:
1. Giving While Living Statement:
Part 1 – Charities Interest Review – Designed to assist us in creating your present day and future Family Legacy Plan.
a. Charitable Involvement – Financial and Volunteerism
b. Charitable Focus & Style
c. Family Legacy Values, Plans and Desires
d. Estate Transfer desires
Part 2 – Capacity to Give Review – Designed to assist us in establishing available resources to fund our charitable interests.
a. Net Worth
b. Family Legacy (Estate & Estate Tax)
c. Annual Giving of 10% of income
d. Lump Sum Gift of 10% of net worth
Sample 'Giving While Living' Analysis