The greatest transfer of wealth is occurring now with an estimate 16 T forecasted to transfer by 2026 and 41T by 2052. 80 % philanthropy comes from individuals. Now is a crucial time to educate and help donors/funders identify their capacity to give.

1. How to be a Philanthropist,
and did you know you could?
Make Philanthropy Great Again!
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Susan Diamond, MSW
Agent, New York Life Insurance Company
Member FINRA/SIPC, A Licensed Insurance Agency
460 Temple Hill Road, New Windsor, NY 12553
Tel # 845.563.9382
SMRU 1749138

2. Disclaimer
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This seminar is for informational purposes only. This tax-related discussion
reflects an understanding of generally applicable rules and was prepared to
assist in the promotion or marketing of the transactions or matters
addressed. It is not intended (and cannot be used by any taxpayer) for the
purpose of avoiding any IRS penalties that may be imposed upon the
taxpayer.
New York Life Insurance Company, its agents and employees may not
provide legal, tax or accounting advice. Individuals should consult their own
professional advisors before implementing any planning strategies.
SMRU #1749138

3. What is Philanthropy?
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4. What is Charitable Giving?
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5.  To have an impact in society and
make a difference
 Pride in our community
 To create a legacy and perpetuate
family values
 Out of a sense of obligation and
guilt
 It’s good for business
Why do we Give?

6.  Giving back
 Tax management and leverage
 Recognition, standing and prestige
 Compelled by recent/personal events
 Religious identity
Why do we Give?

7. Time
Treasures
 Money
 Property
What Do We Give?

8. Some Typical Responses to Charitable
Giving!
 I’m not interested in charitable giving
 I don’t want to take away from my children’s inheritance
 I need to make sure we have enough money to live on in case of an
emergency
 I can’t afford to be a philanthropist

9. What type of Philanthropist are YOU?
Accidental Philanthropist Intentional Philanthropist

10. What is Intentional Philanthropy?
How can I use some combination
of strategies now, later, at death
and beyond death to get the
results I want?
For me? My family? For the
nonprofits I care about? And
through the nonprofit, for the
community?
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11.  Your Passion for NPO’s Work and
Mission
 Your Vision and Dreams
 Your Desire to Help
 Facilitating your personal
Financial Desires
 Legacy
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It is About
What is Intentional Philanthropy?

12. Do Good and do Well!
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Philanthropy vehicles
enable donors to holistically
integrate their giving into
their financial and life
planning

13. Questions to ask Yourself?
 How much do we need for ourselves?
 How much is enough for children?
 How much is too much?
 How can we have an impact on society?
 How can we reduce taxes in favor of children or
philanthropy?
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14. Determine What is Important to You!
 What values are most
important to you?
 Identify your interests!
 How do you want to
make a difference?
Use Philanthropy to Support Your Personal Values
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15. Our lives and experiences inform our personal values
and teach us what is most important to us.
Copyright © 2007-2015 Tracy Gary http://inspiredphilanthropy.org/resources.htm
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16. Should I Give Now or Give Later?
 Actively participate in
charitable activities and
manage your donations.
 See the positive effects your
philanthropy has on the causes
you care about.
 Establish an active culture of
philanthropy in your family and
build family bonds.
 Engage with an organization
and make your mark on its
mission.
 Keep control of your assets as
long as you need.
 Take advantage of potential
market growth opportunities.
 Gather information over time
on what charitable
interventions are most
successful.
Giving now allows you to:
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Giving later allows you to:

17. Common Gift Options
1. Cash
2. Bequests are the most popular planned gift of all!
 Easy to understand – most people are familiar with the concept
of wills
 Non-threatening – donors do not have to part with anything
during lifetime
 Often the largest gift an individual can make – the ultimate
gift

18. Common Gift Options
 Gifts of appreciated mutual funds, stocks, certain bonds,
retirement plans
 Real Estate
 Charitable Trusts
 Life insurance

19. Common Uses For Life Insurance
 Wealth Replacement
 Gifting Existing Policies
 Creating New Policies For
Charity
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20. Using Life Insurance as Wealth Replacement
in Charitable Planning
 Donor Advised Fund
 Charitable Remainder Trust
 Charitable Lead Trust
 Charitable Gift Annuity
 Pooled Income Fund
 Gift of Life Insurance
 Private Foundations
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Charitable planning devices such as:

21. Gifting Existing Policies
Bought too much insurance for
actual or current needs
Bought for children who are no
longer dependent
Bought for an outdated
business buy-sell agreement
Don’t need the cash value
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22. Creating New Policy For Charity
Option 1: Donor makes gifts to be used as
premium payments
Option 2: Charity-Owned life insurance
policy – make cash gifts
equivalent to premium amount
on a new policy owned by
charity
Option 3: Gift policy dividends
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23. Advantages of
Donating Life Insurance
Your Gift May Be Maximized
Your Legacy Lives On
Your Personal Assets May Remain Intact
The Charity Receives Your Gift Promptly
Premium Payments May Be Income Tax Deductible
The Charity May Be Able To Access Cash While You’re Alive
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24. Feeling Good About Giving
 Giving to charity may improve your sense of well-being
 Supporting a cause can help keep you informed about issues of
social injustice
 Giving to charity out of spiritual conviction can strengthen your
spiritual life
 Giving may result in physical and social benefits
 Building a bridge to future generations

25. Forever
 Planned Philanthropy provides for the future
 Forever
 Next generation
 A project
 Assurance of one’s philanthropic intentions
– Our largest gift is likely to be our last
– This is the gift that we’ve always wanted to give
– Assuring that what we supported in life, we’ll support after our
death…pretty cool!

26. Choosing a Charity
charitynavigator.org
guidestar.com
charitywatch.org
give.org

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