"DAFs, QCDs, and SII, OH MY! Decoding the Alphabet Soup of Charitable Giving to Maximize Tax Savings and Create Community Impact"
Did you have clients whose April tax bills sparked their curiosity about maximizing tax savings in view of recent tax reform? Are clients who now claim a standard deduction trying to figure out how they can have additional tax savings when making charitable gifts to their alma mater, church, or favorite organizations? Do you work with business owners and/or entrepreneurs who need to leverage their charitable giving to offset tax liability?
If so, don’t miss our July lunch in which Michele Carey, CAP® and Robert Killins, CAP®, from Greater Cincinnati Foundation (GCF) will discuss charitable giving tactics that create social impact while saving tax dollars using charitable tools. They will discuss bunching charitable gifts using a donor advised fund, tactics for using a QCD from an IRA to make a gift that distributes over multiple years to a non-profit, and how using highly appreciated non-cash assets for charitable giving makes for smart gifts—especially for business owners. In addition, they will discuss the hot topic of social impact investing and how donors at GCF can “recycle” the charitable dollars in the donor advised funds to have community impact.
Michele Carey, CAP®, is the Director of Professional Advisor Relations at Greater Cincinnati Foundation, where she leads the foundation’s work with attorneys, accountants, investment managers and financial advisors. She serves as a philanthropic resource for professional advisors to help clients leverage their giving during and after their lifetime. In addition, Michele helps individuals and families develop their charitable intentions and implement a plan for reaching their goals. Michele’s career began at 20 year ago at The Chicago Community Trust, where she first learned the value and impact a community foundation plays in creating a vibrant region. Michele has been a member of the EPCNKY for 6 years, serving as a board member and past President.
Robert Killins, Jr. CAP®, is Director of Special Initiatives at Greater Cincinnati Foundation and member of the Donor and Private Foundation’s team where he serves as a philanthropic advisor. He leads GCF’s impact investing work and guides The Thomas J. Emery Memorial. Prior to joining GCF, Robert worked at Proctor & Gamble for 24 years.
