How Complex Assets Can Fuel Clients’ Charitable Giving-Course recording

Video Transcription

Video Summary

In this webinar, Corey Ziegler, Chief Legal Officer for Greater Horizons, explores the realm of complex asset donations for philanthropic purposes. Greater Horizons specializes in philanthropic services and donor-advised funds, with a focus on managing hard-to-value assets like private businesses and real estate. Corey details the tax advantages and intricacies of donating such complex assets, emphasizing the importance of timing, qualified appraisals, and understanding legalities and tax implications. <br /><br />She highlights various asset classes, including private business interests, real estate, retirement plans, life insurance policies, cryptocurrency, and other negotiable instruments. Corey also explains specific scenarios, such as the benefits of C-corporation donations and issues with pass-through entities like S-corporations and LLCs, notably related to unrelated business income tax. Additionally, the webinar touches on real-world examples and provides insights into accepting real estate, especially through LLC structures, and the possibility of donating cryptocurrency.<br /><br />Emphasizing collaboration with tax and financial advisors, Corey encourages thinking beyond conventional cash donations to leverage complex assets for charitable giving, ensuring better alignment with tax efficiencies and donor goals. The session wraps up with a Q&A and an invitation for further discussion and learning.

Keywords

complex asset donations

philanthropic services

donor-advised funds

tax advantages

private businesses

real estate

cryptocurrency

unrelated business income tax

charitable giving