Your clients’ most consequential financial moments often overlap with their most advantageous opportunities to give. The Community Foundation of Sarasota County can be a flexible planning partner, turning those occasions into lasting local impact while supporting your clients’ tax and estate goals.

Bunching Contributions

With a higher standard deduction, many clients no longer itemize. Bunching several years of gifts into one year through a donor-advised fund may allow clients to itemize in that year, take the standard deduction in others, and keep grants flowing to charities on their usual schedule.

Gifting Business Interests

Clients with closely held companies may be able to donate shares, LLC units, or partnership interests instead of writing a check. Depending on the circumstances, these gifts can provide a charitable deduction, reduce capital gains exposure, and support estate planning goals.

Planning Ahead of a Business Sale

Timing is everything. A gift of business interests made sufficiently early in the sale process may allow clients to avoid capital gains on the donated portion and receive a charitable deduction. However, waiting until a sale is practically certain could result in the gain remaining taxable to the donor, even if the gift occurs before closing. Involving us early helps preserve planning options.

Other Liquidity Events

The receipt of an inheritance can create new capacity to give, while a real estate sale or the sale of appreciated stock can produce a high-income year. Strategic giving during these years may provide meaningful tax benefits, subject to applicable deduction limits. Appreciated assets held more than one year can be particularly tax-efficient to donate directly.

Partner With Us

We work alongside CPAs, attorneys, and financial advisors, never in place of them. Contact our team to discuss a client’s circumstances and explore charitable giving opportunities.

This information is general and is not intended as tax or legal advice.