At Wright Ford Young & Co., we know charitable causes are important to you. That’s why we guide you through the process of allocating your wealth to further the causes you believe in. Whether you are considering a lifetime charitable contribution or a transfer effective at your death, we can help you make a positive difference in your community. Our Estates & Trusts practice professionals have expertise in both the income tax and estate tax implications of establishing efficient charitable legacies.
Proper allocation ensures income and estate tax liabilities are minimized when establishing your charitable legacy. Charitable giving in the United States hit record numbers exceeding $400 billion over the past few years, which tells us that it’s something more of our clients’ care about and has become ingrained in the national wealth culture.
Our team works with you to set specific tax and non- tax charitable giving goals while taking into consideration potential pitfalls that can affect reaching those goals such as: private foundations vs. public charities, charitable trusts, donor advised funds, charitable annuities, life insurance, real estate, publicly traded securities, privately held businesses, pension plans and IRAs.
We believe like you do, that there are worthy principles, other than those in the accounting arena, which give meaning to our business and our lives. Since its inception in 2007, Wright Ford Young & Co’s charitable giving committee has given 1% of the firm’s gross revenues to charities each year, resulting in over $1,000,000 donated to support our community’s growing needs. We care about the world around us and your bottom line.