This week begins our series on some advanced topics in private philanthropy. We discuss an overview of private foundations. Website: www.thesavvyphilanthropist.podbean.com LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com
A bit of a crossover surprise today. I'm launching a new podcast, the Island History Podcast. Enjoy the trailer and be sure to subscribe. Website: www.thesavvyphilanthropist.podbean.com LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com
This week's episode explores that most exciting of financial topics - life insurance. It can be a great gift in some cases, but it has to be done right. Website: www.thesavvyphilanthropist.podbean.com LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com
This week's episode explores the most tax-efficient way under current US law to make a charitable gift from your estate. Spoiler! It's the beneficiary designation on your qualified retirement account. Website: www.thesavvyphilanthropist.podbean.com LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
This week's episode is the story of the most famous bequest in US history. It was the first major charitable gift received by some new school recently established outside of Boston. You've probably heard of it. Website: www.thesavvyphilanthropist.podbean.com LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
This week's episode is the first in our series of legacy gift vehicles. Bequests are the bread and butter of planned giving. Eventually, every one has an estate, and some peple choose to include philanthropy in theirs. Website: www.thesavvyphilanthropist.podbean.com LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
This week's episode introduces our final category of philanthropic giving vehicles. These are gifts you make out of your estate when you pass away, i.e. the legacy you'd like to leave. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
This week's episode is a little different. We talk about the rise and fall of one of the richest families in American history, the Vanderbilts. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com
This week, we talk about our final category of split interest gifts, namely Charitable Lead Trusts. They're like Charitable Remainder Trusts...but backwards. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com
This week, we talk about our second category of split interest gifts, namely Charitable Remainder Trusts. In some ways, they sound like Charitable Gift Annuities, but the differences - and there are many - matter. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
This week, we dig into the basics of our first category of split interest gifts, Charitable Gift Annuities. Make a gift like John Trumbull did in 1831 and receive a lifetime of tax-advantaged income, in additional to that charitable tax deduction. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
It's time to dig into a new category of philanthropic giving, namely split interest gifts. Donors can give away the tree but keep the fruit in order to support charities while also snagging a lifetime of tax-advantaged income. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
Last year, the Supreme Court announced a decision that has had an unexpected impact on personal philanthropy. Maybe. Some states are reading it that way, but some aren't. This week's episode discusses how philanthropists sometimes need to adapt to a changing legal landscape. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com...
The Savvy Philanthropist is back! A quick description of a new and improved format for upcoming episodes. First new episodes will be here in fourteen days! Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ X: @rossplan Email: thesavvyhilanthropist@gmail.com
Thank you for listening to The Savvy Philanthropist. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com
In this week's episode, we do a deep dive into the ambiguous provision in the tax code that makes it problematic to ask a DAF to pay off a donor's charitable pledge. This is an episode for the tax nerds out there (like me!). Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
In this week's episode, we discuss a couple of scenarios where a Donor-Advised Fund doesn't usually make sense, even when donors think they should! Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com
In this week's episode, we discuss a couple of scenarios where a Donor-Advised Fund can make a lot of sense for a donor. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com
Donor-Advised Funds are one of the most popular charitable giving vehicles in America today. Today's episodes takes a look at some facts and figures about how large a role DAFs play in modern philanthropy. Spoiler alert! It's a pretty big role. Here are links to the two studies mentioned in the show: Giving USA 2022 NPT 2022 Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
Donor-Advised Funds are one of the most popular charitable giving vehicles in America today. For the next several weeks, we'll dig into them - both the good and the less good. Today's episode describes what a DAF actually is. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
An IRA passes by a Beneficiary Designation, not a will or trust. In this week's episode, we review how to use that Beneficiary Designation in a tax-savvy way to benefit both your family and charity. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
Congress has cracked open a door for making life income gifts with a Qualified Charitable Distribution. This week, we review this new opportunity, including its limitations. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
A Qualified Charitable Distribution from a Traditional IRA is simply the most tax-efficient way to make philanthropic gifts during lifetime under the US tax code. But not everyone can qualify. This week, we review the rules and the benefits of giving with a QCD. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
For some donors, the only way to make charitable gifts from an IRA is through regular distributions followed by a charitable donation. This week's episode explains how that works. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
A Traditional IRA is one of the tax-savviest ways to make philanthropic gifts. This week, we start a series of episodes describing IRAs and the various ways they can be used to maximize philanthropic giving. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
Welcome to 2023! We begin the year with a summary of a new law passed right at the end of 2022 that creates the possibility of a cool, new giving opportunity. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com
In this, the final episode for 2022, I ask for your feedback about the show. If you have ideas or suggestions for content (or anything else), let me know. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com
Real estate can be a powerful, tax-savvy way to make charitable gifts. This week is the third in a three-part series about when and how to make a lifetime gift of land. We discuss the steps required to actual making the gift. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
Real estate can be a powerful, tax-savvy way to make charitable gifts. This week is the second in a three-part series about when and how to make a lifetime gift of land. We discuss two important issues that can kill an otherwise great real estate gift. Website: www.thesavvyphilanthropist.net LinkedIn: https://www.linkedin.com/in/kirk-ross/ Twitter: @rossplan Email: thesavvyhilanthropist@gmail.com...
This episode is a really interesting interview with Dominic Kalms. Dominic is the founder and CEO of B Generous, the first FinTech company for philanthropy. Dominic tells us about how he got interested in the world of philanthropy, but most importantly, he explains how B Generous can have a tremendous impact for both donors and charities. B Generous: https://bgenerous.com/ Linkedin: https://www.linkedin.com/company/b-generous/ And for The Savvy Philanthropist: Website: www.thesavvyphilanthropist...
