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Private Wealth Management: The Complete Reference for the Personal Financial Planner, Ninth Edition, 9th Edition by Jerry Rosenbloom, G. Victor Hallman

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19

Charitable Giving Techniques

Charitable giving has become an important part of private wealth management. Most charitable gifts are straightforward gifts of money. However, many times appreciated property is given. On the other hand, a number of more sophisticated techniques may give the charitably inclined substantial tax and other benefits in addition to the satisfaction of knowing they have helped others.

BASIC TAX PRINCIPLES

As just noted, properly structured charitable gifts can yield significant tax advantages that will reduce the overall “cost” of charitable giving. Therefore, the basic tax principles affecting charitable giving are briefly discussed next.

Income Tax Deduction

Contributions to eligible charities can be taken as an itemized ...

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