Charitable Contribution Planning

Planning for Charitable Giving

At Taylor, Ganson & Perrin, LLP, our lawyers support charitable intentions. Whether clients wish to provide a charity with funds after their death, or want to support an organization whose interests fit theirs while they are still living, we can help them accomplish this. We have been helping individuals, and families with gift planning that allows them to carry out their charitable goals since 1935. For more information on planning for charitable giving, contact our Boston law firm.

Charitable contributions, especially substantial ones, should be planned so that the donor and the recipient benefit from the timing of the gift. For example, if the recipient is not consulted in advance, they may not be in a position to take advantage of the gift. The charity may not have enough staff to implement a project, there may be restrictions attached that make the donation impossible to use, or the items donated may not be useful. The same sorts of considerations apply to the donor. The timing of the donation may have tax implications, affect the value of the donor’s estate after death, or cause family conflict. Both donors and recipients should consider the consequences of a major gift and consult with knowledgeable attorneys to optimize the impact of such a donation.

Advising donors about charitable contributions since 1935.

We develop giving mechanisms that carry out our client’s wishes and provide benefits not only to the recipient but also to the donor or the donor’s estate whenever possible. Gift planning and tax planning often go hand in hand. Some of the vehicles that we have used successfully include:

• Establishment of private foundations, such as legacy foundations
• Creation of public charities
• Establishment of irrevocable trusts, such as charitable remainder trusts, charitable lead trusts, unitrusts, charitable remainder annuity trusts, and wholly charitable trusts

Our objective in assisting clients with charitable contributions is simple: to carry out the donor’s charitable intent, save estate and income taxes, and provide for heirs. We advise clients on how to accomplish these goals and develop contribution mechanisms that suit their circumstances. To discuss charitable contribution issues with an experienced attorney, contact Taylor, Ganson & Perrin, LLP.