Starting at age 70½, clients (and qualified spouses) can now make a Qualified Charitable Distribution (QCD), up to $100,000 each, to eligible charities, from their traditional IRAs with no effect on taxable income. Problem: Donor Advised Funds (DAFs) are not eligible to receive QCDs. Solution: iGiftFund is unique among most national DAF sponsor in offering [...]
Recent changes in the Secure Act are prompting an increasing number of your clients to consider Roth conversions. You are in a unique position to help your clients lessen the tax impact of the conversion and enhance your relationship as trusted advisor all while adding long term AUM. It’s a win-win situation. Problem: How to [...]
In the past, the world of philanthropy was largely controlled by men. But now, women are taking center stage. Successful, high-net-worth women are giving to charity in a big way that’s only projected to get bigger. By 2030, American women are expected to control much of the $30 trillion in financial assets that baby boomers [...]
Americans are known, from the time of the Revolution, for their deep desire to become involved with and have an impact on various societal issues and alleviate suffering where there’s great need. "I have seen Americans making great and sincere sacrifices for the key common good and a hundred times I have noticed that, when [...]
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 provided incentives that encouraged charitable giving during a time of the COVID hardship. With the demands on charities increasing, the government extended these tax incentives for 2021 under the Consolidated Appropriations Act (CAA), signed into law by the President on December 27, 2020. [...]
iGiftFund is uniquely positioned to offer fund options that qualify for CARES Act incentives The CARES Act provides significant incentives for donors to consider as part of their year-end charitable giving plan - but these incentives are available only in 2020. It is important to note that Donor Advised Funds (DAFs), Private Foundations and Supporting [...]
Determining the goals of your One Page Legacy Plan is an important final step. Just as important is taking advantage of the right tools – like donor advised funds – to meet those goals effectively, and to ensure your legacy is an enduring one. By Phil Tobin This article is the last in a series [...]
Solidifying and writing down the family mission statement makes it official, and is one of the last and most important steps in creating your family legacy plan. By Phil Tobin This article is the seventh in a series taken from The One Page Legacy Plan by Phil Tobin, a free downloadable eBook from iGiftFund. In [...]
Discussing and agreeing upon the guiding values of your family is an important part in drafting your family mission statement, which can help determine the direction of your legacy for generations to come. By Phil Tobin This article is the sixth in a series taken from The One Page Legacy Plan by Phil Tobin, a [...]
By Phil Tobin, Chairman/President iGiftFund An early pioneer of donor advised funds, Philip T. Tobin is chairman and co-founder of the Hudson, Ohio-based iGiftFund, a national, independent sponsor of donor advised funds. Formerly CFO for the Cleveland Foundation and co-founder of the American Endowment Foundation (AEF), Phil is now dedicated to creating unique experiences for [...]
