Creative charitable planning
Imagine being able to increase the size of the gifts from your donors each year. Yet, the net cost of their donations were 40-60% less than what they were giving to you. Essentially, your programs and operations are secure from increased donations and your donors keep more money in their pockets. Sound too good to be true?
It’s actually not, and surprisingly the ability to maximize charitable gifts in such a monumental way is a tactic of the past. Non-cash assets have been incentivized by the government since 1969 but very few people understand what they are or how they work.
To better explain the concept for the benefit of Amarillo Area nonprofits and all the constituents they organizations serve, the Amarillo Area Foundation and the Amarillo Area Estate Planning Council teamed up to bring in charitable expert Bryan Clontz to help decode this mystery.
Clontz, President of Charitable Solutions, LLC spent the morning with nonprofit professionals. He taught them what non-cash assets were and how to ask for and incorporate non-cash assets (ideally appreciated stock) into their planned giving models. Clontz then opened the afternoon with a session for financial planners, CPAs, and attorneys. By informing the people who advise large donors in our area, we are increasing awareness related to the benefits associated with giving non-cash assets which maximize contributions to our area and the impact those contributions have.
Clontz closed the day with a special presentation to the AAF Board of Directors teaching members their role as key stakeholders and empowering them to act as extensions of the Foundation when asking for non-cash assets and even consider giving non-cash assets of their own.
Thanks to Clontz we all have plenty of information to take back to our organizations and communities. Now working together more informed and smarter, empowered to even further improve quality for Texas Panhandle residents.
If you missed the event and are interested in learning more about what Bryan had to say, check out this brief video posted by our friends at the Gulf Coast Community Foundation:
To further your knowledge on the realm of non-cash donations you can also check out Bryan’s website: http://charitablesolutionsllc.com/