Episode 195 – Shaping Legacies: Charitable Planning and Family Philanthropy Dynamics with Sam Kang

Dec 20, 2023

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Sam Kang is the President of Schwab Charitable, an independent 501(c)(3) non-profit organization established to make charitable giving simpler and more tax-efficient for individuals and their financial advisors.

In this philanthropy-focused episode, we unravel the latest giving trends, delve into the intricacies of family charitable planning, and gain valuable insights from industry leader Sam Kang to inspire and inform your own impactful giving journey.

Topics also discussed:

Donor-advised funds and their role in making charitable giving efficient and tax-smart.
Recent charitable giving trends, including a decline in total giving in 2022 but an increase in donor-advised fund grants by Schwab Charitable.
The importance of family discussions on charitable giving, allowing donors to continue their legacy beyond their lifetimes.
Strategies for families to evaluate charities, involving relationships, volunteering, and utilizing tools for research.
Resources and tools available for financial advisors to assist clients interested in family philanthropy, such as the Schwab Charitable Giving Guide.
Donor-advised funds as part of family legacy plans, including features for succession planning and recommending specific beneficiaries.

Resources: Schwab Charitable

A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on the donor’s specific tax situation. Consult your tax advisor for more information.

Schwab Charitable Fund^TM is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. Contributions made to Schwab Charitable Fund are considered an irrevocable gift and are not refundable. Please be aware that Schwab Charitable^TM has exclusive legal control over the assets you have contributed. Although every effort has been made to ensure that the information provided is correct, Schwab Charitable cannot guarantee its accuracy. This information is not provided to the IRS.

Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund, an independent nonprofit organization.

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