Charitable Planning

There are many options available when designing a strategy for those who wish to help others by making a charitable gift.  For some who wish to maintain some control while benefitting others, a Charitable Remainder Trust (CRT) could be an attractive option.  A CRT is generally funded with appreciated stock or real estate, and provides the grantor with a right to an income stream from the trust for a period of years or for the grantor’s life.  Upon the trust’s termination, the assets in the trust are paid to the designated charity.  Another charitable planning strategy is a Charitable Lead Trust (CLT).   The CLT provides annual payments to a charity during the term of the trust, with the trust principal passing on to the grantor’s children upon termination.

For those who wish to make substantial gifts to charity while retaining control over how the funds are distributed and used, a private foundation can be an option.  Private foundations enable individuals to teach and or have family members, even younger ones, become educated and involved with philanthropic activities.  At Altman & Associates we work with a number of publicly and privately supported charitable organizations.  We can assist in the creation and structuring of a charitable trust and or foundation and we can administer private charitable foundations.

Our Services include:

• Counseling on non-profit status
• Advising on day to day operational and legal issues
• Managing IRS related matters
• The  annual reporting and audits
• Alignment of investment and operating strategies to comply with the charitable guidelines

Altman & Associates is a member of the Association of Small Foundations.
For more information, visit their web site.