Charitable gifts play a central role in the life of many individuals and families. Whether giving for tax reasons, passion for a cause or both, AMG National Trust Bank can help you be intentional in your philanthropic endeavors. We examine lifetime tax consequences and estate planning issues as well as your personal concerns and goals for philanthropy.
There are many gifting options available:
- The AMG Charitable Gift Foundation is a donor-advised fund that makes philanthropy simple and cost effective.
- An irrevocable charitable trust can have positive tax consequences.
- A private foundation or endowment can allow you to manage large and diverse assets. Some people establish foundations to help their families and children learn about managing investments and philanthropy.
- Direct donations may be a good choice for one-time gifts earmarked for specific purposes such as constructing buildings or establishing programs.