Lifetime gifts of appreciated stock can be best for both parties. Donor-advised funds are for donors wishing to maintain control over grants. Charitable remainder trusts are for donors wishing to retain the income. Gift annuities are better than charitable remainder trusts in many situations. Charitable lead trusts are for donors wishing to keep the capital in the family.
Private foundations allow donors to keep control over the capital and the grants.
Use of IRAs and pension benefits at death for charitable giving is very taxwise. Bequests and testamentary provisions are the lifeblood of a planned giving program. For further information, see our Charitable Giving and Tax-exempt Organizations practice . The McGuireWoods homepage is intended to provide information of general interest to the public and is not intended to offer legal advice about specific situations or problems. McGuireWoods does not intend to create an attorney-client relationship by offering this information, and anyone's review of the information shall not be deemed to create such a relationship.