Did you know, that high net worth individuals account for only 1.4 percent of the U.S. population, yet their charitable donations account for more than 70 percent of the total gifts to charity from individuals?
There is no question that high income earners are philanthropic, but how you give can make a big difference to your charities, as well as your personal wealth!
How to take a more strategic approach to philanthropy, and achieve more impact while ensuring your legacy of giving for years to come, is the subject of the latest piece in Worth Magazine, by MBAF’s Wealth Advisors.
The essay is entitled, Do you know how to maximize the impact of your philanthropy?
As 2016 draws to a close, and year-end tax planning issues are at hand, it is a must read for those who want to maximize the tax benefits of their charitable giving, now, and develop a strategy for the years ahead.
For more than 20 years, Worth Magazine has been a trusted source for information relevant to the financial, legal and lifestyle issues unique to high net worth individuals. MBAF is proud to contribute to this valuable resource.
Taxation and compliance issues for high net worth individuals can be quite complex. If you would like to benefit from our expertise in these areas, or if you have further questions on this Advisory, do not hesitate to contact our Private Client Wealth specialists, or call us at 1-800-239-1474.