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Charitable Giving With Non-Charitable TrustsCharitable Giving With Non-Charitable Trusts

Ideas to discuss with philanthropically inclined clients.

13 Min Read
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Affluent families usually accumulate much of their wealth in trusts.1 These trusts may include charitable trusts, namely either private foundations (PFs) structured as trusts or split-interest trusts (that is, charitable lead trusts and charitable remainder trusts). Typically, however, the vast majority of a family’s wealth will be held in trusts that were designed primarily to benefit individual family members and their descendants. This poses an interesting challenge for philanthropically inclined clients and their advisors. In these instances, finding ways to tap into the family’s non-charitable trusts for charitable giving becomes a compelling goal. 

Competent clients typically can donate assets to charity from their fully revocable t...

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About the Authors

Kim Kamin

Partner, Gresham Partners LLC

http://www.greshampartners.com/team-member/kim-kamin/

Kim Kamin is a partner at Gresham Partners LLC where she serves as Chief Wealth Strategist. In that role, she leads Gresham’s development and implementation of services relating to wealth transfer planning, trust and estate administration, philanthropy and RisingGen engagement and education. Previously she was a partner at a large law firm where for many years her legal practice involved all aspects of estate, trust and charitable planning, administration, and dispute resolution.

In addition, she is an adjunct professor at the Northwestern University Pritzker School of Law and is on faculty as a lecturer for the University of Chicago Booth School of Business Executive Education.

Ms. Kamin is on the Editorial Advisory Board of Trusts and Estates Magazine on the UHNW and Family Office committee. She is also Estate Planning and Legal Services Domain Chair for the UHNW Institute, is a frequent lecturer nationally, and publishes on a broad array of topics.

She received her B.A., with distinction and departmental honors, from Stanford University and her J.D. from the University of Chicago Law School. She is an AEP® (Distinguished) and a 21/64 Certified Advisor.