The federal government helps our clients be philanthropists with tax incentives that greatly reduce the out-of-pocket cost of charitable gifts and in many instances, enable donors to contribute much more than they originally imagined.
In these troubled economic times, many of our clients believe that it’s more important than ever to support worthwhile causes. Charities’ endowments are down and the demand for their services has increased.
But, as the great Roman playwright Publius Terentius Afer (known as “Terence”) said more than 2,000 years ago, “Charity begins at home.” So for clients who want to help others, but need income themselves, charitable remainder trusts (CRTs) and charitable gift annuities (CGAs) are now more important than ever.
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