Private Foundations & Charitable Giving #122

Simply Tax

The opportunities and options available for charitable giving can seem a bit daunting. Guest Bernadette Zita joins host Damien Martin to give an overview of current trends in charitable giving, offer tips to simplify this complex area, and explain the role a private foundation can play in your philanthropic strategy. Here’s what’s covered:

• Current trends in charitable giving [02:21]
• Risks and strategies for managing state filing requirements with new revenue streams [04:09]
• What’s a private foundation and how do you know if it’s a right fit for your philanthropic goals? [06:37]
• Excise taxes and landmines for private foundations [09:20]
• The importance of asking questions and alignment with your goals [14:06]
• Knowing your options and looking for examples to learn new ways to give [15:25]
• Thinking like a startup [18:00]
• Unrelated business taxable income [19:32]
• Questions to ask and how to get help [22:32]

Learn more about Bernadette and get additional resources here!

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