Charitable Planning

Whether you are considering a lifetime charitable contribution or a transfer effective at your death, Wright Ford Young & Co. can help you make a positive difference in your community. We have expertise in both the income tax and estate tax implications of establishing efficient charitable legacies.

We can help you:

• Define and clarify your tax and non-tax charitable giving goals
• Choose the appropriate methodology to reach your goals
• Establish and administer
  
  • Private foundations*
  • Public charities
  • Charitable trusts
  • Donor-advised funds
  • Charitable annuities
• Choose the most efficient assets for funding your donation
  
  • Publicly traded securities
  • Privately held businesses
  • Real estate
  • Life insurance
  • Pension plans and IRAs

Charitable planning engagements are handled by our Estate and Trust Department team, led by Cheryl J. Schaffer. Cheryl’s qualifications include a personal interest in charitable giving, as she is the past president of the Partnership for Philanthropic Planning Orange County and has taught private foundation taxation at the graduate level.

*Under the California Nonprofit Integrity Act of 2004, an independent audit of annual financial statements is required for charities, including private foundations, with gross revenues of $2,000,000 or more. Our Audit Department, under the leadership of Partner Jeff Myers, has special proficiency in helping private foundations satisfy this requirement.

Practice Leader: Scott Young – jsyoung@cpa-wfy.com