This week we are discussing a high level overview of donor-advised funds and how they differ from other charitable options.

What is your Legacy? Join Michael Glover, COO of Legacy Global discuss ways you can Live Well and Leave A Legacy™!   In this weekly live stream, we talk about how you can leave a legacy with your family, your business and many different philanthropic activities. We talk about:  

• 501(c)(3) organizations 
• Donor-advised Funds 
• Fiscal Sponsorships 
• Split-interest giving 
• Family office training 
• Generational wealth 
• and so much more!

Join the community and subscribe at LegacyOwnersLive.com

Donating non-cash gifts can seem a little intimidating at times. Donating Cryptocurrency can also seem a bit intimidating, but neither of them have to be. There is a process of donating cryptocurrency to minimize your tax liability while also generating lifetime income from the investments made. In this episode of Legacy Owners Live, Melodie Durfee, Michael Glover and Kale Hamblin discuss what that process looks like.

Giving to charity is great for both individuals and corporations. In the first episode of Legacy Owners Live, we discuss what that process looks like and what you should be aware of when planning non-cash gifts to charity.

To watch Legacy Owners Live on the air, be sure to visit Legacy Owners Live from the Legacy Office's private group.

Hosts of this show: Michael Glover, Kale Hamblin

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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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

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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

1. Private Foundation
   
2. Public Foundation
   
3. Donor-advised Funds
   

1. Involve the next generation in giving
   
2. Your foundation instills charitable traditions within the family and creates generational impact to the community.
   

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.
   

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.
   

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.
   

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.
   

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.
   

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.

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

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

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

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.