Your Life Priorities: Philanthropy

Share more than your wealth — share your compassion.

Philanthropy can be as empowering for the giver as it is for the recipient. Not only does it allow us to engage with others in meaningful, life-changing ways, it can serve as the impetus that propels our children to be more empathetic and selfless adults.

Make philanthropy a centerpiece of your wealth plan.

For some families, considerable wealth unlocks a unique opportunity to make an even greater charitable impact through a private foundation. While more complex to administer, foundations provide a tremendous means of focusing your charitable efforts as well as engaging the next generation in supporting mission driven institutions. Our Foundations & Endowments Specialty Practice offers consultative strategic guidance on all aspects of establishing and administering your family foundation.
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Add structure to simple charitable giving.

More and more individuals and families are turning to structured giving vehicles to help them better manage their philanthropy. From simple donor advised funds (DAFs) to charitable lead trusts (CLTs) and charitable remainder trusts (CRTs), there are a wide range of available options.
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Types of Structured Giving

Method Features
Donor Advised Funds (DAF) Low cost solution that allows donors to receive an immediate tax deduction, but make charitable contributions over time.
Charitable Lead Trusts (CLT) Irrevocable trust where current income benefits a qualifying charity while non charitable beneficiaries receive the remainder after a specified period.
Charitable Remainder Trusts (CRT) Irrevocable trust where current income benefits a non charitable beneficiary while the qualifying charity receives the remainder after a specified period.

Articles and resources that can help you on your journey.

A socially responsible investing strategy considers your beliefs and values along with your financial returns. Learn more about this strategy, and see if it is right for you.

 

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Which one is right for you?

 

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Want to explore other Life Priorities?

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DISCLAIMERS

SunTrust Bank and its affiliates and the directors, officers, employees and agents of SunTrust Bank and its affiliates (collectively, "SunTrust") are not permitted to give legal or tax advice. Clients of SunTrust should consult with their legal and tax advisors prior to entering into any financial transaction.

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