Philanthropic Financial Planning

“To give away money is an easy matter and in any man’s power. But to decide to whom to give it and how large and when, and for what purpose and how, is neither in every man’s power nor an easy matter.”

— Aristotle

Our clients have been disciplined to save for their own retirement in such a way that allows them to give to others as well. They often have a surplus of funds that they deem appropriate to give away to other needy areas of society. Finding how, who, when and in what manner to give can be an overwhelming task to accomplish. That’s why having a strategy to plan your giving is just as important as having a strategy to plan your retirement.

As philanthropic financial planners, we take time to meet with our clients to understand why giving is important to them. Most often it is less about the money, but rather more about the feeling clients receive from helping others in need. As part of our Falcon Wealth Advisors Signature Planning Process, we will carve a section for Planned Giving to make sure that portion of your financial goal is met with confidence. 

Donor Advised Funds are one of the most popular ways clients choose to plan their giving. A Donor Advised Fund (DAF) is an account setup specifically for charitable intentions. What’s great about having a DAF is that you may be able to “bunch” several years’ worth of donations into one tax year. This may allow you to take a larger one-time tax deduction rather than smaller individual deductions or not even being allowed to deduct a donation at all.

Learn more about DAFs in episode #156 of Upticks HERE.

Want to get serious about your charitable intentions?

Contact us today to set up a time to start planning your giving.

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