Podcasts about charitable trusts

All too often, capitalism is identified with the for-profit sector. However, one organizational form whose importance is often overlooked is nonprofits. Roughly 4% of the American economy, including most universities and hospital systems, are nonprofit.One prominent nonprofit currently at the center of a raging debate is OpenAI, the $300 billion American artificial intelligence research organization best known for developing ChatGPT. Founded in 2015 as a donation-based nonprofit with a mission to build AI for humanity, it created a complex “hybrid capped profit” governance structure in 2019. Then, after a dramatic firing and re-hiring of CEO Sam Altman in 2023 (covered on an earlier episode of Capitalisn't: “Who Controls AI?”), a new board of directors announced that achieving OpenAI's mission would require far more capital than philanthropic donations could provide and initiated a process to transition to a for-profit public benefit corporation. This process has been fraught with corporate drama, including one early OpenAI investor, Elon Musk, filing a lawsuit to stop the process and launching a $97.4 billion unsolicited bid for OpenAI's nonprofit arm.Beyond the staggering valuation numbers at stake here–not to mention OpenAI's open pursuit of profits over the public good–are complicated legal and philosophical questions. Namely, what happens when corporate leaders violate the founding purpose of a firm? To discuss, Luigi and Bethany are joined by Rose Chan Loui, the founding executive director of the Lowell Milken Center on Philanthropy and Nonprofits at UCLA Law and co-author of the paper "Board Control of a Charity's Subsidiaries: The Saga of OpenAI.” Is OpenAI a “textbook case of altruism vs. greed,” as the judge overseeing the case declared? Is AI for everyone, or only for investors? Together, they discuss how money can distort purpose and philanthropy, precedents for this case, where it might go next, and how it may shape the future of capitalism itself.Show Notes:Read extensive coverage of the Musk-OpenAI lawsuit on ProMarket, including Luigi's article from March 2024: “Why Musk Is Right About OpenAI.”Guest Disclosure (provided to The Conversation for an op-ed on the case): The authors do not work for, consult, own shares in, or receive funding from any company or organization that would benefit from this article. They have disclosed no relevant affiliations beyond their academic appointment.

As the giving season draws near, you may be wondering how to take advantage of charitable giving deductions on your tax return, make a greater impact with your donations, or weave philanthropy into your family's legacy.   In this Off the Wall discussion, Monument's Emily Harper will be hosting and interviewing our regular host, Jessica Gibbs, about all things charitable giving.   Are you wondering how to take advantage of charitable giving deductions on your tax return, make a greater impact with your donations, or weave philanthropy into your family's legacy?    In this Off the Wall discussion, we're changing things up. Monument's Emily Harper, CFP® jumps into the hosting seat to interview Jessica L. Gibbs, CFP about all things charitable giving.    Jessica is Monument's go-to thought leader when it comes to learning about philanthropy, both from the donor's perspective and from the charitable organization's perspective. In this episode, she shares her wisdom, including ways to strategize and maximize your charitable giving this year and beyond.    Jessica breaks down two types of charitable giving vehicles—donor-advised funds and charitable trusts—including when to consider each of them, and the benefits and drawbacks of each strategy.    Whether you're ready to move beyond checkbook giving, hone-in on your philanthropic goals, or figure out a way to keep giving after retirement, this is an interview you don't want to miss. And if you have a philanthropist in your life, you'd like to share the wealth with, consider sending them this episode.  Happy giving!    Episode Timeline/Key Highlights: [00:52] Introducing the topic of today's episode. [02:28] Reasons why you should establish a dedicated vehicle for charitable giving. [05:33] How donor-advised funds work & Benefits of using a DAF. [11:45] Ways to use donor-advised funds in your legacy strategy. [15:06] Downsides of donor-advised funds. [18:35] What is a charitable trust? What is the difference between charitable trust and donor-advised fund? [20:53] Benefits and disadvantages of using a charitable remainder trust (CRT). [25:57] Benefits and disadvantages of using a charitable lead trust (CLT). [28:22] Summary: When to consider a donor-advised fund, charitable remainder trust, and charitable lead trust. [29:38] Major Takeaways: Name a successor, identify your motivation, and consider different ways to support your favorite organization(s). [32:00] Resources + Tips for choosing charities to donate to & making a larger impact.   Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.     Resources Mentioned: Charity Navigator: https://www.charitynavigator.org Listen to Becoming a Philanthropist & Non-Profit Board Member with Meera Pillai: https://bit.ly/4eRo0i8 Article- Donor Advised Fund vs. Charitable Trust: Maximizing Your Philanthropic Impact https://bit.ly/4illTGC Article – 3 Charitable Giving Strategies That Deserve a Second Look: https://bit.ly/3G5V873 Connect with Emily on LinkedIn: https://www.linkedin.com/in/emilyharpercfp Connect with Jessica on LinkedIn: https://www.linkedin.com/in/jessicagibbscfp Subscribe to our blog: https://bit.ly/MonumentWealthBlog Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered Ch Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite Follow us on Instagram: https://bit.ly/MonumentWealthIG Connect on LinkedIn: https://bit.ly/MonumentWealthLI Connect on Facebook: https://bit.ly/MonumentWealthFB Connect on YouTube: https://bit.ly/YouTubeMWMFit Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered   About “Off the Wall”: OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.   Learn more about our hosts, Emily and Jessica, on our website: Emily Harper, CFP: https://monumentwealthmanagement.com/staff/emily-m-harper-cfp Jessica Gibbs, CFP: https://monumentwealthmanagement.com/staff/jessica-l-gibbs-cfp

Balancing risks and returns Gold - a good investment? Real Estate as an investment Setting up for success - with Guest Dr. Roger Silk. Roger D. Silk, Ph.D. is the CEO of Sterling Foundation Management, LLC and President of Lifetime Perspectives, Inc. Dr. Silk is widely recognized as a leading expert and innovator in the emerging field at the intersection of finance and philanthropy. Dr. Silk has more than three decades of experience working with and advising wealthy clients, high net worth families, and the advisors who work with them on a variety of issues ranging from the use of private foundations to the integration of sophisticated charitable planning into multi-generational estate plans. He has worked with numerous investment, accounting, financial planning, and legal professionals to educate them, their firms, and their clients about the benefits and characteristics of a full suite of solutions, entities and planning tools. Dr. Silk is the author of several books, including Managing Foundations and Charitable Trusts, Creating a Private Foundation, and Politicians Spend, We Pay. He has published dozens of articles that have appeared in periodicals such as Estate Planning, Philanthropy, the Journal of Financial Planning and Trusts & Estates. He has spoken to audiences around the country on the types and uses of charitable entities, and he frequently conducts educational seminars for financial professionals focusing on integrating the full suite of charitable entities into the financial planning process     Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (NVDA), (SPY)

In this episode of the Legacy of Generosity podcast, join host, Ali Schneider, as she discusses with Christy Boysen of Apex Legacy Consultants how Apex Legacy takes a unique approach to help their clients plan their legacies. Christy also shares how fundraisers can use the same approach with their donor, when fundraisers should recommend that their donors contact a professional consultant, and how fundraisers can work with professional consultants like Apex Legacy. About our guest: Christy Boysen, MA, CFRM, FCEP, owner and head Legacy Planning Consultant at Apex Legacy Consultants, specializes in planned giving strategy and helping donors imagine how they can align their values with their finances through legacy planning. She's helped clients establish legacy planning programs that educate and capitalize on tax-efficient charitable tools: Qualified Charitable Distributions, Donor Advised Funds, Charitable Gift Annuities, Charitable Trusts, and more. Through this work, she's inspired donors to commit hundreds of millions of dollars to loved ones and their favorite causes. She holds a Master of Arts in Higher Education, a Certificate in Fundraising Management through Indiana University Lilly Family School of Philanthropy, and is a Fellow in Charitable Estate Planning (FCEP). Her experience in planned giving, higher education, and strategic mindset make her an asset to any organization looking to drive meaningful change and create lasting impact. Christy loves biking–she once even cycled across the country for charity–and leads historical food tours in her hometown and at a local winery. She lives in St. Paul, Minnesota, with her husband; their dog, Lucy; and 24 thriving houseplants.

Welcome back to the Armor Hour on the C-Suite for Christ Podcast Network. Today's topic is selling businesses with charitable trusts. We incorporate a nice story to serve as an example for this fascinating concept, you're not going to want to miss this! About the Show: As stated unambiguously in Ephesians 6:11-13, we need to put on the full armor of God if we're going to prevail in this life.  Basically, we need to armor up.  To live a successful life where we realize our full God-given potential, however, we need to armor up in a variety of areas, including personally, professionally, emotionally, and even financially.  This show, which is hosted by Rusty Peterson, Partner at IAG Wealth Partners, will provide guidance and best practices in all of these areas.  You'll be fully equipped to stand firm, resist the devil's schemes, and live the life that God is calling you to by the time you're done listening to each episode of this powerful program! Connect with Rusty on LinkedIn: ⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/rustypeterson/⁠⁠⁠⁠⁠⁠ Learn how you can armor up by visiting Rusty's website: ⁠⁠⁠⁠⁠⁠https://iagwealthpartners.com/⁠⁠⁠⁠⁠⁠ Learn more about C-Suite for Christ at https://csuiteforchrist.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/c-suite-for-christ/message

In this episode, Brian Bowen and Brett Sharp discuss Qualified Charitable Distributions (QCDs) and their benefits for individuals over retirement age.  The guys also explore the impact of mortgage interest rates on real estate and the considerations for downsizing or relocating. They highlight the retirement crisis faced by late Baby Boomers and the importance of thorough financial planning. Overall, the episode emphasizes the need for proactive tax planning and comprehensive financial strategies.   06:03 The Importance of Tax Planning 08:23 Benefits of Charitable Gift Annuities 10:10 Setting Up Nonprofits and Charitable Trusts 12:32 Considerations for Downsizing or Relocating 16:22 Retirement Crisis for Late Baby Boomers 18:13 Impact of the Great Recession 20:07 The Importance of Financial Planning 21:33S tock Market Performance in Election Years 23:46 Importance of Estate Planning and Power of Attorney

In this episode, Josh welcomes Adam Nash, CEO and co-founder of Daffy.org, to discuss the transformative power of charitable giving through technology. Nash explains how Daffy democratizes the process of giving through its low-cost, user-friendly donor-advised fund (DAF), making it accessible for everyone to contribute to their favorite charities efficiently and receive immediate tax benefits. Nash delves into the mechanics and advantages of using a DAF, emphasizing how Daffy simplifies the giving process with features like Daffy Gifts for digital charity gift cards and Daffy Campaigns for fundraising. He shares his vision of fostering a community of givers who are informed and engaged in their philanthropic efforts. The conversation also touches on the importance of personal finance education, particularly for couples, and how technology like robo-advisors and AI is revolutionizing financial advice and planning. Can't get enough of the Financial Quarterback? Click 'Subscribe' to ensure you never miss a play. New episodes touchdown right here! And if you're loving the playbook, drop us a 5-star rating and leave a review. Your feedback drives the game!

In this episode, Ed Gillentine talks with Bob Collins form TrustBridge Global Foundation. Bob explains how TrustBridge helps break down barriers to global giving. He also discusses four major vehicles used to steward significant resources for charitable giving: Donor-Advised Funds, Private Foundations, Supporting Organizations, and Charitable Trusts.Show LinksEd Gillentine:EdGillentine.comInstagram: @journey.to.impactTrustBridge Global Foundation:www.trustbridgeglobal.comLinkedInBooks:Journey To Impact by Ed GillentineFortune's Children by Arthur T. VanderbiltWhen Helping Hurts by Steve Corbett and Brian Fikkert

Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and in today's episode, I'll touch on the steps necessary to withdraw the registration from the California Registry of Charitable Trusts of a nonprofit that is a foreign corporation. In episode 49, I covered the dissolution of a domestic California nonprofit corporation and the procedures necessary to accomplish the withdrawal of that type of entity. Part of that process includes notification to the California Attorney General's office of the circumstances of the dissolution and a request for the Attorney General to permit the dissolution of the California nonprofit. When a foreign nonprofit dissolves, or if it simply wishes to withdraw from California, the foreign nonprofit also has to reach out to the California Registry of Charitable Trusts and follows certain similar procedures to withdraw effectively. Resources: California Attorney General's website on dissolution and withdrawal: https://oag.ca.gov/charities/dissolution California Exempt Organization Annual Information Return Booklet: https://www.ftb.ca.gov/forms/2022/2022-199-booklet.html California form 199: https://www.ftb.ca.gov/forms/2022/2022-199.pdf Site for checking Registry of Charitable Trusts status: https://oag.ca.gov/charities/content/info Site for checking Secretary of State status: CA SOS: https://bizfileonline.sos.ca.gov/search/business Site for checking tax-exempt status in California: CA FTB: https://webapp.ftb.ca.gov/eLetter/ EO Radio Show Ep #49: Nonprofit Basics: Winding up a California Charity If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.  Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Welcome to EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and episode 49 of EO Radio Show summarizes the steps to wind up a charity that is a nonprofit corporation registered and operating in California. There are federal and state income tax considerations to address and organizational formalities, which are slightly different depending on whether the charity is organized as a nonprofit, public benefit corporation, or charitable trust. Our focus today is on the California nonprofit public benefit corporation that is registered with the California Attorney General's Registry of Charitable Trusts. We're going to talk about the path it needs to take as it winds up and dissolves. Resources: General Guide for Dissolving a California Nonprofit Corporation Termination of the organization also needs to be provided to the IRS. See https://www.irs.gov/charities-non-profits/termination-of-an-exempt-organization EO Radio Show EP #1: Nonprofit Basics: Overview of Nonprofit Charitable Organization Types: Corporation, LLC, Trust, Association and Fiscal Sponsorship EO Radio Show EP #2: Nonprofit Basics: Designators, Members, Directors, Officers: The Who's Who of Nonprofit Governance YouTube EO Radio Show Nonprofit Governance playlist YouTube EO Radio Show Nonprofit Basics playlist If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.  Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Welcome to EO Radio Show – Your Nonprofit Legal Resource.  Many nonprofit organizations are required to have their financial statements audited by an independent certified public accountant. For example, a nonprofit charity that is required to be registered with the California Registry of Charitable Trusts and which has gross revenues of $2 million or more in a fiscal year must obtain an independent audit. They also must certify to the California Attorney General each year the amount of revenue received and that they have obtained an independent audit. Many other states have similar requirements. Today I'm delighted to be joined by Certified Public Accountant Douglas Cook, who will address frequently asked questions for charities facing their first audit and some unique situations that often surprise his clients. Resources: Douglas Cook LinkedIn Profile: www.linkedin.com/in/douglascook Council of Nonprofits: www.councilofnonprofits.org/running-nonprofit/nonprofit-audit-guidec/state-law-nonprofit-audit-requirements Blue Avocado Accounting Manual Template: blueavocado.org/finance/accounting-procedures-manual-template/ If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.  Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Section 11 of the Income-tax Act, 1961 inter alia exempts the income of a registered Trust, earned from property held under Trust, while Section 13 of the Act contains certain anti-abuse provisions to deny exemption upon certain applications of the Trust income. Where any part of Trust income is applied / invested directly or indirectly, for the benefit of specified person is violative of Section 13(1)(c) while investment of any part of Trust income other than in public sector company or modes specified under Section 11(5) is violative of Section 13(1)(d).This podcast firstly addresses the controversy regarding the expansiveness of Section 13(4). Notably, Section 13(1)(c) and Section 13(1)(d) function as independent bars on Section 11 exemption. Section 13(4) has been drafted in such a manner that any protection guaranteed by Section 13(4) may relax requirements of Section 13(1)(c), but Section 13(1)(d) will continue to apply towards any exempted income under Section 11.The other issue addressed by the podcast is pertaining to historical disputes around the denial of exemption vide Section 13, i.e., whether violation of Section 13 results in denial of exemption under Section 11 in toto, or only to the extent of such violation. Conflicting judicial views persisted on either position of law. The Finance Act 2022 seeks to put an end to this conflicting view by clarifying that only that part of income which has been applied / invested in violation of the Section 13(1)(c) / Section 13(1)(d) shall be liable to denial of Section 11 exemption and be taxable under the newly introduced Section 115BBI of the Act.Audio Source: An article published on the LKS website in February 2023.Taxation of unexempt income of Public Charitable TrustsAuthors:  Samyak Navedia , Associate LKS,

Charitable Trusts for Retirement Planning Holiday Reflections and Commentary BCI's Ask the Experts: Managing Mineral Supplementation   00:01:00 – Charitable Trusts for Retirement Planning: K-State and Washburn University School of Law professor, Roger McEowen. He discusses utilizing charitable remainder trusts as a part of retirement planning for producers and an example case on what not to do.   00:12:00 – Holiday Reflections and Commentary: A very familiar voice to long-time Agriculture Today listeners, Gus van Der Hoeven, host of Stop, Look and Listen, provides his one-of-a-kind commentary on life in rural Kansas with a festive segment reflecting on the holiday season this year.   00:23:00 – Beef Cattle Institute's Ask the Experts: K-State experts Brad White, Bob Larson, and Phillip Lancaster answer a listener's question on how to manage their mineral supplementation plan to set themselves up for success with breeding.      Send comments, questions or requests for copies of past programs to ksrenews@ksu.edu. Agriculture Today is a daily program featuring Kansas State University agricultural specialists and other experts examining ag issues facing Kansas and the nation. It is hosted by Samantha Bennett and distributed to radio stations throughout Kansas and as a daily podcast.   K‑State Research and Extension is a short name for the Kansas State University Agricultural Experiment Station and Cooperative Extension Service, a program designed to generate and distribute useful knowledge for the well‑being of Kansans. Supported by county, state, federal and private funds, the program has county Extension offices, experiment fields, area Extension offices and regional research centers statewide. Its headquarters is on the K‑State campus in Manhattan.    

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Eric Lalime, Managing Director, to discuss various ways to understand and navigate the world of charitable giving. Donation topics include: cash, Appreciated Securities, Bunching, Privately held stock, Donor Advised Stocks (DAFs), Qualified Charitable Distributions (QCDs), Charitable Trusts, private foundations and gifting artwork.

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Eric Lalime, Managing Director, to discuss various ways to understand and navigate the world of charitable giving. Donation topics include: cash, Appreciated Securities, Bunching, Privately held stock, Donor Advised Stocks (DAFs), Qualified Charitable Distributions (QCDs), Charitable Trusts, private foundations and gifting artwork.

Welcome to EO Radio Show – Your Nonprofit Legal Resource. This episode covers legal aspects of amending the bylaws for a nonprofit corporation to change its governance, to update the bylaws for changes in the laws, or to conform the bylaw provisions to how the board is actually governing the organization. I'll address the approvals that may be required to amend the governance provisions, how the amendments need to be reported to the IRS and state regulators, and some thoughts on recent developments for emergency governance provisions that nonprofit corporations may want to adopt. Resources: Addresses for submitting copies of amended bylaws: The current address for submitting copies of the documents to the IRS can be found at https://www.irs.gov/charities-non-profits/contact-irs-exempt-organizations. For entities tax exempt in California: The current address for submitting copies to the FTB is: Exempt Organizations Unit, MS F120, Franchise Tax Board, P.O. Box 1286, Rancho Cordova, CA 95741, and can also be found on the FTB website at https://www.ftb.ca.gov/file/business/types/charities-nonprofits/help-with-charities-nonprofits.html. The current address for submitting to the California Registry of Charitable Trusts is: Registry of Charitable Trusts, P.O. Box 903447, Sacramento, CA, 94203–4470. Alternative addresses are available on the Registry website at https://oag.ca.gov/charities/contacts. Use IRS Form 8940 (Request for Miscellaneous Determination) to request determinations (other than initial exemption applications) about its tax-exempt status that may be affected by bylaw amendments. The one-page form is accompanied by instructions that specify what information needs to be submitted to support each of the nine types of requests that may be submitted.  Delaware Corporations Code Emergency Bylaws and Powers  California Corporations Code Emergency Bylaws and Powers Public Benefit Corporations Mutual Benefit Corporations Religious Corporations EO Radio Show Episode 1: Nonprofit Basics: Overview of Nonprofit Charitable Organization Types: Corporation, LLC, Trust, Association and Fiscal Sponsorship EO Radio Show Episode 3: Nonprofit Basics: Director Duties and Best Practices for the Typical Nonprofit Public Benefit Corporation If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com.  Additional episodes can be found at EORadioShowByFarella.com.  DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Trusts used for exclusively charitable purposes may be subject to the Private Foundation Rules. Understand how to avoid the tax consequences of IRS section 4947. The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights and commentary on subjects that affect the profession and clients. Learn more in this podcast.

Tara continues her celebration of her new book and her topic for this week is "Charitable Trusts and Retirement Wealth Gaps". She explains first why you would want a trust, the idea of a trust and the concept of a trust. If you have questions you can call Tara and Chris at 719-210-4242 or on line at www.nolanfinancialpartners.com.

During today's episode, we're going to look at two critical subjects: establishing a charitable trust and retirement wealth gaps.

Tara continues her celebration of her new book and her topic for this week is "Charitable Trusts and Retirement Wealth Gaps". She explains first why you would want a trust, the idea of a trust and the concept of a trust. If you have questions you can call Tara and Chris at 719-210-4242 or on line at www.nolanfinancialpartners.com.

Carrie grew up in Kansas City, and graduated from Oak Park High school. After received her Bachelor of Sciences in Business Administration degree at Truman State University, she began a 20 year career (and counting!) at Commerce Bank. She was a senior advisor and relationship manager in the Commerce Trust Company, providing fiduciary and trust administrative services to foundations and endowments. In 2014, Carrie joined the Charitable Trusts & Foundations group, where she serves as the assistant director and a program officer. In this role, she builds relationships with local nonprofits to assist with discretionary grant making for several private foundations and charitable trusts. In the community, Carrie proudly served on the board of HappyBottoms for 8 years, and is on the finance committee of Crossroads Charter Schools. She is also past president of Mid-America Charitable Gift planners, and immediate past chair of the Park Hill Christian Church Endowment Trustees. Outside of work and community service, you will find Carrie at the track or football field cheering on her 13 year old son Ethan. --- Support this podcast: https://anchor.fm/happybottoms/support

It's tax day in the USA. Taxes are the largest expense most people pay in their entire lives. But what if it didn't have to be that way? Be a more savvy investor by using real estate investing strategies to reduce your tax liability. Adam Schroeder and Zach Lemaster talk with tax strategists Lorraine and Jim about 5 key things real estate can be utilized to reduce or eliminate the taxes you owe. Learn more about these tax strategies HERE Main Benefits of REI for a Passive Investor - 03:57 The Beauty of OPM (Other People's Money) - 22:35 Cost Segregation Studies - 28:41 Capital Gains Tax - 48:10 Charitable Trusts & Their Ability to Create Additional Tax Reductions - 54:41 Watch the YouTube video of this podcast HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

It's tax day in the USA. Taxes are the largest expense most people pay in their entire lives. But what if it didn't have to be that way? Be a more savvy investor by using real estate investing strategies to reduce your tax liability. Adam Schroeder and Zach Lemaster talk with tax strategists Lorraine and Jim about 5 key things real estate can be utilized to reduce or eliminate the taxes you owe. Learn more about these tax strategies HERE Main Benefits of REI for a Passive Investor - 03:57 The Beauty of OPM (Other People's Money) - 22:35 Cost Segregation Studies - 28:41 Capital Gains Tax - 48:10 Charitable Trusts & Their Ability to Create Additional Tax Reductions - 54:41 Watch the YouTube video of this podcast HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

During today's episode, we're going to look at two critical subjects: establishing a charitable trust and retirement wealth gaps.

During today's episode, we're going to look at two critical subjects: establishing a charitable trust and retirement wealth gaps.

During today's episode, we're going to look at two critical subjects: establishing a charitable trust and retirement wealth gaps.

During today's episode, we're going to look at two critical subjects: establishing a charitable trust and retirement wealth gaps.

Let's say someone decides to make charitable gifting a new year's resolution. What makes this resolution easier to keep than others?Most resolutions are about reducing negative behaviors.Eating too much, spending too much, watching too much Netflix.It's tough when you go about changing or eliminating a negative behavior.But when you focus your resolution on increasing positive behaviors, such as community involvement or charitable gifting, your success rate will be higher.You'll feel great about it and, with charitable gifting, there can be some significant financial advantages, too.How can someone get started on this and know it's right for them?Getting started is easy.Think about non-profits you like to give to.What causes are you passionate about?And think about how much you want to give and how often.And if you want to do it individually or have your family involved.Once you've thought about these basics, then a chat with your wealth management advisor can help you figure out a strategy for gifting.There are a lot of different approaches to charitable gifting? What are some of the most common ways?Let's talk about two of the simplest ways.One, of course, is giving cash gifts to organizations you support.You can make a resolution to make regular donations or a one-time donation.And if it's a qualified charitable organization then you're entitled to a tax deduction against your income taxes.And you can easily check to see if a charitable organization is qualified or not.There's a website charitynavigator.org can tell you if your donation will be tax deductible or not.The second easiest way, after cash gifts, is to make qualified distributions from a retirement account directly to your charitable organization.If you have an IRA, for example, and are at least 70 and a half years old, you can contribute some or all of your IRA to charity.The upside – at 70 and a half you're required to take distributions anyway and the donation will not be taxed.So you get to take your required distribution without realizing any tax burden.What about Donor Advised Funds? Those are set up just for charitable purposes, right? That's right.A Donor Advised Fund is an account that's like an investment account but set up for charitable purposes.The big advantage here is there are no rules on how much you give or which organizations you give to, as long as it's charitable.And your gifts earn you an immediate tax deduction.But it's not for everyone. Your wealth management advisor can tell you more, but a DAF is best for someone if you have an event – such as selling a business – that creates a large tax obligation.If that's the case, you can set up a DAF to receive the funds and distribute them to charity for a larger and immediate tax deduction.With a DAF you want to work with your wealth management advisor and really let your advisor manage the account under your direction.And then that leads us to things like Charitable Trusts and Foundations and taking more of a family approach to charitable giving.Yes, both of those approaches take a longer term “family legacy” approach to charitable gifting.There are a lot of different types of charitable trusts and you need to carefully select a type, with your advisor's help, that matches your goals.A charitable remainder trust is a very common type.With it, you set money aside in your lifetime and when you pass away the remaining money is gifted to one or more charitable organizations.The trust can create a stream of income for yourself during your lifetime, give you a partial tax deduction – based on the anticipated eventual gift – and reduce estate taxes when you pass away.A private foundation takes things a step further.On the upside, with a private foundation, there are expanded giving opportunities.You can make grants to individuals or non-charitable organizations.Giving becomes more strategic and more focused on a cause or ways to make an impact.But the time commitment, regulatory requirements and costs associated with a private foundation often steer people back to a Donor Advised Fund.Which can be created and managed much more easily.And that sounds like a key for keeping a New Year's Resolution.Without a doubt.That and picking a cause or charity that's close to your heart.Useful info/linksFNBO: https://www.fnbo.com/insights/wealth/make-charitable-giving-your-new-years-resolution/index.htmlHow Stuff Works: https://money.howstuffworks.com/economics/volunteer/starting-a-charity/charitable-trust.htmNational Charitable Endowment: https://nationalcharitable.org/donor-advised-funds-basics/

For charitably inclined business owners, charitable trusts provide many benefits as they assess goals related to tax planning, wealth management, estate planning, and charitable giving. Charitable trusts can help you set aside current and future funds for a charity while preserving a current income stream and other economic benefits. When you make a transfer into one of these trust types, you may qualify for income, estate, and gift tax charitable deductions.   In this episode of The First Business Bank Podcast, our Private Wealth Trust Advisors discuss the types of charitable trusts, benefits charitable trusts offer regarding capital gains and estate tax, planning ahead before a sale or business transition, and partners you should include in setting up a charitable trust.

In today's episode of "Around with Randall", we are discussing charitable trusts and bargain sales. They sound complicated, but I promise, they aren't. Listen to this podcast to learn more about these instruments and how your nonprofit can leverage them.

We have over $100 trillion in unfunded liabilities in this country!!!! In today's Better Wealth Breakdown, Dan and I discuss a concept in the book “Managing Foundations and Charitable Trusts” by Roger Silk that Social Security is a Government Sponsored Ponzi Scheme. Listen as Dan and I dive into the history of Social Security, how it was established, the seven reasons why it is like a ponzi scheme, the three reasons why it is different and what the future of social security might look like in the future. Social Security is like a Ponzi Schemes for these 7 components; 1.) great investment for early investors, 2.) it pays existing investors using funds from new investors 3.) Lack of easy transparency 4.) misapplication of investor funds 5.) funds invested with a related party 6.) the related party is unlikely to ever pay the funds back in real terms and 7.) no outside audit. However, it is different for these three reasons 1.) The sponsor, the U.S. government, can and does compel people to pay into it 2.) The sponsor, the U.S. government, has the ability to simply print the money to pay the benefits and finally 3.) The sponsor, the U.S. government, can and does change the rules in the middle of the game. Listen as we discuss the differences of contributions and taxes with social security, unfunded liabilities, how it works for the future. #BETTERWEALTH For more information on BetterWealth or the content you hear on the Podcast visit us at http://www.betterwealth.com/podcast (www.betterwealth.com/podcast). Episode Links & Resources:  https://amzn.to/3awNnIA (Managing Foundations and Charitable Trusts) by Roger Silk https://usdebtclock.org/ (US Debt Clock.org)

It was amazing this week to speak to Matt Larsson-Clifford who joined me on the podcast from Sweden and after crossing paths in the RAF I know he had lots to share, adding value to the audience and he did not disappoint… Sweden Outdoors Coaching is owned and run by Matt Larsson-Clifford. Prior to his career in the military, Matt worked in the outdoor industry and gained a Diploma in Outdoor Activities, a BEd Hons in Outdoor Education and many high-level qualifications in coaching, risk management, mountaineering, skiing, kayaking, sea kayaking and open canoeing. Matt retired from the Royal Air Force (RAF) as one of the leading specialists in Adventurous Training (AT) and as a Fellow of the Institute in Leadership and Management. His final position was as the Commanding Officer of the largest Outdoor Training Centre in the RAF. During his time in this position, he developed and led a variety of overseas annual expeditions, which still today, exposes more than 1000 RAF personnel a year, to the benefits of AT; including Ski Touring and Mountaineering in the Alps, Wilderness Open Canoeing in Sweden, Sea Kayaking in Scandinavia and Nordic Ski Touring in Sweden and Norway. He was also privileged to have led expeditions throughout Europe, Africa, USA and Canada. On leaving the RAF in 2013, Matt moved with his family to Sweden where he set up 'Sweden Outdoors Coaching' and has worked as an consultant coach/guide for: the RAF, the British Army, the United Arab Emirates Military, Human Behavioral Performance Training (HBP-Trg), Pro Noctus Performance Coaching, Leeds Met Uni, UK-based Education Academies, UK-based Charitable Trusts, The Swedish Canoe Federation, Swedish Outdoor Leader Groups, The Adventure Activities Licensing Service, Swedish Nature Colleges, Ray Mears Woodlore, the United Kingdom International Search and Rescue Team (UKISAR Wales), Titan Airways as a Safety Consultant in Antarctica and various private groups and individuals. He is currently chairman of the Swedish International Sea Kayak Guides Association (SISKGA) and is helping the Swedish Mountain Leader Organisation gain International status. Matt continues to use his high-level qualifications and experience to develop individuals and teams in the outdoors, both in the mountains, forests and on the rivers and sea. He rigorously conforms to the British Standard 8848 (BS8848) to ensure that your safety whilst on expedition is paramount and that all risks are thoroughly assessed to ensure a high quality, enjoyable and memorable experience. Since 2013 he has worked all over Sweden and Norway, the Alps, Scotland, UK, North Africa and Antarctica. He looks forward to sharing 'Fika' (Swedish Coffee and Snack) with you soon........... Reach out and connect below https://www.linkedin.com/in/matt-larsson-clifford-bed-hons-apiol-finstlm-10048147/ www.facebook.com/swedenoutdoors Instagram - Swedenoutdoorscoaching Basic format – 20 minutes to help you on your leadership journey PLEASE ENJOY Make sure you follow/subscribe to my social media platforms - Facebook - https://www.facebook.com/STARDevelopmentuk/ LinkedIn - https://www.linkedin.com/in/stuart-waddington-1882b4aa/ Instagram - https://www.instagram.com/stuart_waddington/?hl=en YouTube - https://www.youtube.com/channel/UC2x388h9BiwofjDJbXfz_hg Spotify - #Leadership – What's on your mind? See you next week…..

How can doing charitable planning now help you with both income taxes and estate taxes when you die? Listen to find out.

In episode 183 of Financially Simple, Justin gives an introductory overview of the types of Legal Trusts available. A Trust can be used for various reasons to safeguard your wealth, and to protect your dependents. Justin goes over the nine types of Trust, what they are and how they can work for your benefit. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! Complete Transcription: https://financiallysimple.com/basic-trusts/ _________________   TIME INDEX: 00:53 - The 9 Basic Types of Trusts 01:51 - What is a Trust? 03:08 - The 9 Types 03:41 - Revocable Trusts 05:00 - Irrevocable Trusts 06:08 - Asset Protection Trusts 08:45 - Charitable Trusts 09:50 - Constructive Trusts 11:34 - Special Needs Trusts 12:25 - Spendthrift Trusts 14:15 - Tax By-Pass Trusts 14:47 - Totten Trusts 16:02 - Summary 17:30 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.

On this edition of the Wealth Guardians Radio show, Doug speaks with Michael Occhipinti, a senior philanthropic advisor, about the benefits and options for charitable trusts and giving. The Wealth Guardians Radio show is hosted by Doug Ray and broadcasts live each Saturday morning at 9:30 on Greensboro, NC’s 94.5 WPTI FM. Listen live or online at 945wpti.iheart.com/

Planned Giving Officer Keith Johnson discusses the importance of making sure your assets will actually go where you want them to when you're gone, along with some tips on how to use charitable beneficiary designations to reduce your tax burden. The post Advancement: Understanding Charitable Trusts appeared first on Cairn University.

In this episode of The Lange Money Hour, Jim gives his listeners the most important advice offered in his newest book, The Ultimate Retirement and Estate Plan for Your Million-Dollar IRA. The Ultimate Retirement and Estate Plan for Your Million-Dollar IRA, provides clear and specific solutions to current tax issues regarding retirement plans, but perhaps more importantly, looks ahead to upcoming legislative actions that could reduce the value of your IRA. Those distressing changes, something we call “The Death of the Stretch IRA,” could cost your family hundreds of thousands, or potentially, millions of additional tax dollars over your children’s lives. Jim will focus on the 6 main themes in the book that will help you decide how to prepare for the probable “Death of the Stretch IRA” and how to grow your retirement nest egg, and keep it out of Uncle Sam’s hands: • Pay taxes later (except for the Roth) when working and when planning for your estate. • The benefits of Roth IRA conversions. • The most flexible estate plan for married couples. • Make gifts that grow tax-free including 529 plans and life insurance. • Charitable Trusts as the beneficiary of your IRA that could give your children more life-long income. • The grand slam - combining winning tax strategies with low-cost investing. Interested listeners can sign up for that bonus NOW by going to: www.paytaxeslater.com/MillionDollarIRA

Bryan and Brian discuss charitable remainder trusts and irrevocable life insurance trusts. Both of these vehicles are ways to provide for yourself in your lifetime while also providing and inheritance for your loved ones and a sum of money for a cause that is important to you.

Bob Keebler discusses how charitable and financial planning can intersect to accomplish client goals. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Bob Keebler discusses how charitable and financial planning can intersect to accomplish client goals. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Bob Keebler discusses how charitable and financial planning can intersect to accomplish client goals. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Bob Keebler discusses how charitable and financial planning can intersect to accomplish client goals. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Bob Keebler discusses how charitable and financial planning can intersect to accomplish client goals. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Jim Lange welcomes Tom Crowley, MBA, Senior Wealth Planner and VP of PNC Wealth Management to the show to discusses the Q-Tip, Revocable, Minor, and Charitable Trusts and their uses.