Philanthropy

• Direct giving, which gives you full control and may offer near-term tax deductions.
• A charitable foundation, which facilitates sustained giving over the years, and can reduce income taxes in the near term. One type of charitable foundation, a family foundation, can often be a good way to bring family members together in a spirit of giving.
• A charitable remainder trust (CRT) may be a particularly effective way to gift highly appreciated assets. A CRT can provide a flow of income to you, immediate income tax benefits, and significant value for the recipient charity.
• A donor-advised fund, which provides you with an immediate income tax deduction and ultimately reduces estate taxes while allowing you to guide the timing and direction of future distributions to charities.
• A pooled income fund pays income to you, with the assets passing to charity after your death. Giving to a pooled income fund also results in a tax deduction at the time you invest.

Expertise and Resources
Working with our team of financial, tax and estate planning specialists, your Baird Financial Advisor can put great skill and experience, as well as a wide array of financial resources available through Baird, to work for you and your family.

While Baird advisors do not provide tax or legal counsel, they can work closely with your attorney and other professional advisors to help you give in the way that’s best for you.