Finances
End of Year Charitable Planning
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Here are some useful tips to consider from five professional advisors who have recently completed
the 2018 Trusted Charitable Advisor Program at the Jewish Community Foundation.
#1
With the doubling of the
standard deduction, one
concern is that many
taxpayers will no longer need to itemize
deductions and, thus, won’t benefit from
their charitable contributions to the same
extent as they have in the past. Donor
Advised Funds may be a strategy that
could help individuals continue to reap
the benefit of their contributions.
Individuals can gift several years’ worth
of charitable contributions to a donor
advised fund at one time, receive the
immediate tax benefits, and grant to any
non-profit in later years. Making the larger
initial contribution may allow an individual
to continue to itemize deductions.
- Carrie Snyder Vilaplana,
Senior Private Banker
#2
Many families think very
highly of charitable gifting
and consider it one of their
core values. Because of this, the best
overall tip is to implement a well thought-
out, and detailed giving plan. This plan
should address questions such as how
much to gift, to which organization(s)
should we gift, and how to execute on
that gifting. A well thought-out plan is
often a conversation starter for families
and individuals about their overall
philanthropy.
- Greg Jankowski, CFP,
Financial Advisor
82 GBSAN.COM | OCTOBER 2018
#3
Throughout the year I ask clients how they teach their children and
grandchildren about giving or giving back. Questions to consider may be: Do
you talk about giving during the holiday season? Do you include your children
in charitable events that celebrate helping others?
- Elizabeth “Liza” C. Pille, Wealth Manager
#4
Individuals over 70½ can contribute up to $100,000 annually from their IRA
required minimum distribution (RMD) to charity to avoid income tax on the
distribution. These distributions can be fully or partially gifted directly to qualified
charitable entities or gifted to an Endowment Fund as part of a legacy plan to honor their
lifetime of giving. I suggest talking to the Jewish Community Foundation for more ideas.
- Julie Keeney, CPA
#5
Everyone should visit with their CPA and Financial Advisor in November or
December to analyze the years income and expenses to identify any tax savings
strategies. Look for opportunities such as Tax Loss Harvesting (selling investment
positions to offset each other in your taxable accounts & minimize long term gains), verifying
margin tax brackets to determine if you could do Roth Conversions or just draw funds from
taxable accounts (like IRA’s or 401(k)’s) at lower taxable rates, or other planning strategies.
- Brett Gottlieb, Retirement Planning
The Jewish Community Foundation offers the Trusted Charitable Advisor (TCA) program to
advance charitable planning and to further strengthen our partnership with the San Diego
professional advisor community. For more information and to see the full list of Trusted
Charitable Advisors, please visit www.jcfsandiego.org/TCA.
2018 Trusted Charitable Advisors
Pictured left to right: Sharleen Wollach, Jeremy Pearl, Brett Gottlieb, Alex Klingensmith, Erin Weidner,
DeEtte Loeffler, Richard Fogg, Julie Keeney, Barry Levine, Jack Berdy, Andy Nugent, Liza Pille, Jeff Platt,
Carrie Vilaplana, Aaron Kaplan, Shalmali Kulkarni, Greg Jankowski, Bryan Pepper.
(Not pictured: Anna Diaz, Belinda Kraemer, Jim Lewis, Yochanan Winston)