The act of giving may seem straightforward, but at WaterStone we understand that executing your vision for giving with efficiency and effectiveness requires intentionality. For over 35 years, WaterStone has served givers by crafting customized, innovative giving strategies for more than 1,000 families.
Note: The information provided herein is for informational purposes only and should not be interpreted to constitute legal and/or tax advice. Givers should consult their legal and tax advisors regarding their specific situations.
Take advantage of your greatest financial investment by turning your ownership into a charitable deduction and a portion of your profits into contributions to your favorite cause. If selling, donate pre-sale to eliminate or minimize your capital gains taxes while receiving a fair market value charitable deduction.
5 Steps to Give Business Interests:
1. What type of business do you own?
2. What type of ownership interest and what percentage of ownership do you have?
3. What is the estimated value and cost basis of your ownership interest?
4. What is the economic goal (minimize taxes, business succession, charitable impact, etc.)?
5. What is the charitable desire?
A giving strategy through appreciated real estate assets can be customized to meet your unique circumstances and help you achieve your personal goals. Whether your real estate ownership is in land, residential and/or commercial property or income-producing property, there are giving solutions that can help you.
Land, residential and commercial real estate gifted before the sale will eliminate or minimize capital gains taxes, create a tax deduction based on the property's appraised value and provide more for your favorite charities. Recommended for contributions over $150,000.
Flexible Giving Options:
Outright or partial gift
Charitable Remainder Trust
Preliminary Environmental Review, Certified Appraisal, Certificate of Insurance, and a warranty or grant deed will be obtained and recorded to transfer the property to WaterStone.Part Gift and Part Sale Calculator
The WaterStone Giving Fund is a flexible solution allowing you to make charitable contributions during your lifetime as well as through your estate. Benefits of your Giving Fund include:
Receive a charitable tax deduction at the time of your donation
Distribute funds to your favorite charities on your timeline
Giving Funds are a very attractive alternative to Private Foundations because they avoid the administrative responsibilities and provide many other benefits. Converting Private Foundations into Giving Fund is a growing trend in the nonprofit arena.
Higher tax deductibility
No minimum distribution requirement
Greater privacy and anonymity
No excise tax
A WaterStone Charitable Pooled Trust provides a lifetime income from premium investment options and an unprecedented charitable tax deduction. At your death, the remainder will be available for the mission of your recommended charities through your WaterStone Giving Fund.
A WaterStone Charitable Remainder Trust is designed to support your charitable giving goals and provide an income for you or your heirs. The beneficiary receives an income payment for lifetime or for a specified amount of time (trust term of years). At the end of the trust term of years or upon the death of the beneficiary, the balance of the trust is granted to the designated charity.
With a Charitable Lead Trust, income from the trust is paid first to a charity for a specified amount of time (term of years). At the end of the term of years, the balance is distributed to a designated beneficiary, usually the family of the trust creator.Unitrust and Sale Calculator
WaterStone is the pinnacle of flexibility in charitable giving. Our strategists stand ready to craft a personalized charitable plan for you, no matter how complex or unique. Contact Giving Strategies for more information.