PREMIUM: NORLEY & DI RE

MAXIMIZING CHARITABLE GIVING

2017 is the 100th anniversary of the charitable deduction, but since the founding of the republic, Americans have been known for their generosity, a trait that continues to this day. Charitable giving reached a record $390 billion in 2016. What’s behind the surge? In the premiere episode of its 14th season, WEALTHTRACK focuses on strategies to maximizing charitable giving and what’s driving the record-breaking amounts.

WEALTHTRACK Episode #1401; Originally Broadcast on June 23, 2017

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PAMELA NORLEY

• President,
• Fidelity Charitable

ELDA DI RE

• Private Client Services Leader,
• EY National Tax Department

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CONSIDER USING A DONOR-ADVISED FUND FOR YOUR CHARITABLE GIVING

Donor-Advised Fund Advantages

• Take immediate tax deduction
• Take time identifying where and when the money is given
• Simplify record keeping
• Make it easier to give in small and frequent amounts
• Vet charitable organizations
• Appraise and liquidate hard to give assets including real estate and art

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NORLEY: PLAN YOUR CONTRIBUTIONS

Include philanthropy in your long-term financial plan

DI RE: TAX-WISE CHARITY

• Identify assets with the highest percentage of appreciation
• Use to fund your donor-advised fund or foundation
• Tax deduction for fair market value
• No taxes on gain

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Download the transcript included in the WEALTHTRACK PREMIUM subscription here [pdf].

More information regarding WEALTHTRACK transcripts can be found herea>

This is the first appearance of these guests on WEALTHTRACK.

NORLEY: CHARITABLE DIFFERENCE 

Pamela Norley has been President of independent public charity, Fidelity Charitable, the largest donor-advised fund in the country since 2016. Prior to that, she worked in the for-profit sector. She is thrilled she made the transition.
 

DI RE: PERSONAL ADVICE 

EY’s Elda Di Re advises ultra- high net worth individuals, such as Forbes 400 executives, on their total financial planning including tax and charitable strategies. She gladly made the switch from CPA to an advisor to billionaires.