Sam and Judy wanted to donate money to charities, they simply requested that the DAF issue a grant.
Sam and Judy could benefit in many ways by setting up a DAF:
• They pre-fund several years of their charitable giving in this tax year
• They immediately take a tax deduc- tion for the entire value of their stock donation to the DAF
• They avoid paying capital gains tax on the stock that they contribute to the DAF
• They reduce their level of concen- trated stock risk in their portfolio
• They no longer rely on their income to fund charitable contributions
• Investments in their DAF grow tax- free, potentially resulting in more money being available over time to contribute to their preferred charities
Sam and Judy were very apprecia-
tive that I heard what was important to them and offered them new financial solutions that met their needs in strategic ways. They volunteered that they felt more comfortable and confident than ever with their financial path forward as a result of working with my team and me. If you would like an independent perspective on your approach to your finances, including tax-efficient giving, or if you would value having the type of relationship with your financial advisor that Sam and Judy enjoy with me, know that I am here.
Caroline Wetzel is one of Natural Nutmeg’s 2018 10Best Winners for Business/ Life Coach. Caroline is a Certified Financial PlannerTM (CFP®) and Vice President,
Private Wealth Advisor with Procyon Private Wealth Partners, LLC. Procyon Private Wealth Partners, LLC and Procyon Institutional Partners, LLC (collectively "Procyon Partners") are registered invest- ment advisors with the U.S. Securities and Exchange Commission (“SEC”). This article is provided for informational purposes only and for the intended recipient[s] only. This article may also include opinions and forward-looking statements which may not come to pass. Information is at a point in time and subject to change. Procyon Partners does not provide tax or legal advice. See ad on page 24.
18 Natural Nutmeg - November/December 2019
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