Charitable Giving

Giving to charities has many benefits to those in need in your community, emotional and tangible. It feels good to invest in others. And it’s nice to receive the real tax benefits for you as well. By making charitable giving an important part of your life, you will benefit from knowing you’re making a difference and receiving the advantages that come along in giving. A Farah registered advisor will help you plan your charitable giving while maximizing the savings that come along with such great generosity.

Giving can be a satisfying part of your financial plan.

By maximizing the tax benefits of your gifts, you are also maximizing the impact of your gifts to those you wish to benefit. Giving is a win win situation.

There are a variety of ways to give to charitable causes you support. A Farah registered advisor will help you, with the advice of your tax advisor, chose the best options which maximize tax advantages and giving to the right organizations.

A Farah registered advisor will help you answer questions about your charitable giving such as:

• What type of tax benefit are you looking for?
• Are you interested in a one-time gift or an ongoing gift?
• Do you want to use appreciated securities to fund your giving?

There are many ways to give:

One-Time Gift

The simplest way to make a charitable donation of funds, property or securities made directly to an organization. Gifts can be made during an investment year or at your death.

Charitable Trusts

Allow you to maximize the tax advantages of your giving and retain some interest in the assets in the form of either an income stream or the principal.

Private Foundations

Offer you a great deal of control over your giving and require legal and administrative costs and reporting your contributions as grants.

The professional approach to giving provided by Farah Advisory Services will set up your giving plan by:

• Establish tax and personal goals for giving
• Determine your level of privacy and flexibility you would like for giving
• Identify assets for giving to maximize tax savings and donations
• Evaluate and choose your method of giving

“Kindness is the language which the deaf can hear and the blind can see.” – Mark Twain