White-Miller Associates Charitable Honors Philanthropy Initiative® With Strategies to Maximize Charitable Giving
Online, August 27, 2013 (Newswire.com) - In honor of White-Miller Associates Charitable Honors Philanthropy Initiative® White-Miller Associates Charitable Foundation encourages donors, and the advisors who work with them, to consider ways to give, grow and grant their money earmarked for charity in the best way to make more of a difference for causes they care about.
"Our client's commitment to philanthropy is steadfast and strong," said Sarah Park, president of White-Miller Associates Charitable Foundation. "Despite continued economic uncertainty, we're seeing our strongest year of giving in our 20 year history, and we're seeing donors employ smart strategies that help them give more," she said. "More donors could do the same by keeping in mind a few key considerations."
White-Miller Associates Charitable offers the following giving strategies:
Appreciated Securities
Choosing the right assets to give can help donors maximize their charitable impact. Instead of selling the assets and then donating the proceeds, consider contributing the securities directly. This strategy can provide a double tax advantage - donors may be eligible to claim a tax deduction for the Fair Market Value (FMV) of long-term appreciated securities, and can eliminate capital gains taxes on the appreciation in value of the donated securities. More than half of White-Miller Associates Charitable donations typically come in the form of appreciated securities.
Complex Assets
Many donors have more "complex" assets that may be tax efficient to donate, including non-publicly traded securities (such as private company stock, restricted stock and limited partnership interests and pre-IPO shares), real estate or other assets. Like publicly traded appreciated securities, contributing these assets directly to a donor-advised fund like White-Miller Associates Charitable can provide maximum tax advantages, and put more of the grant to work for charity as assets are liquidated at low to no cost to the donor. Donating to a donor-advised fund also allows donors to contribute these assets with a single transaction, and then recommend multiple grants to different charities over time.
White-Miller Associates Charitable Foundation has seen donations of complex assets increase dramatically throughout the years.
About White-Miller Associates
White-Miller Associates is a young financial advisor, a prodigy on the world markets, founded by highly experienced professionals coming from the world largest financial companies. White-Miller Associates offers more than just financial services - we offer solutions to our customers. Our advice is based on continuous market research and the analysis performed by the most experienced minds in our team. We offer strategic planning advice that can help our clients better manage their company's financial affairs.