Single Point of View Blog
Below is an overview of the various charitable planning techniques many families use. Each of these strategies has pros and cons and it is up to each family to define their philanthropic goals and then to determine which solution(s) are optimal for them.
Which solution is right for you?
The Donor Advised Fund
The Donor Advised Fund can be a simplified, low cost way to donate without the administrative costs and challengesof a private foundation.
The Donor Advised Fund enables the donor to accelerate charitable contributions into the current year without necessarily making grants to any public charities in that year.
Both commercial sponsors (Examples: Fidelity, Schwab, Vanguard) and not for profit organizations (Examples: The Boston Foundation, Combined Jewish Philanthropies) offer a platform for the Donor Advised Fund.
Other characteristics of the Donor Advised Fund include:
- Streamlined tax reporting
- Easy online access for
- Tracking gifts
- Managing donations
- Analysis of giving history
- Ability to establish reoccurring or one time grants
- Donations can be anonymous or named
- Large selection of approved nonprofit organizations and charities
- Separate donation to charity from tax deduction
- Ability to invest and grow money
- Collaborate with your family on giving strategies
- Ability to gift non-cash assets (highly appreciated stock, real estate)
Greater Boston Food Bank
The Greater Boston Food Bank acquires and distributes food to those in need. Volunteers work in their warehouse to sort products.
Cradles to Crayons
Cradles to Crayons provides children with the essential items they need to thrive. Volunteers inspect, sort and package donations at the warehouse.
Community Servings delivers lunches and dinners to people who are homebound with a life threatening illness. The Holiday Gift Basket Program brings basic necessities and holiday treats to these families.
Dana Farber Cancer Institute
Dana-Farber Cancer Institute has teamed up with the Financial Planning Association of Massachusetts to offer free, individual financial coaching services to patients and their caregivers.
Who We Help
Similar characteristics of clients prior to working with a Single Point CFO™ may include:
Families & Retirees
Owners of Closely
Our process is driven by a single goal: to fulfill the needs of our clients. Internally, we ensure that every member of our team knows their role, plays to their strengths, and assumes responsibility. If we do not have the expertise in house, we find it. We've invested in technology to design and implement efficient work flow systems. This allows us to spend our time more effectively doing what we do best, understanding our clients.
To our clients, our process is simple.
If our clients have a need that is unattended, we attend to it.
If our clients are exposed to risk, we minimize it.
If our clients seek opportunities, we help find them.
In a world full of noise, we eliminate it.
In an ever-changing regulatory and global environment, we continuously search for better ways to serve our clients.
How to Read Your Quarterly Performance Report
Planning for Medicare
When it comes to charitable planning and philanthropy, the three pillars of giving are time, talent, and treasure. For the treasure part of the equation, there are many ways in which one can give to a cause or organization.
A common thread amongst our clients is the need for a simplified process for analyzing and implementing their financial decisions. That need is similar whether they are a closely-held business, its owner, a corporate executive, or a financially successful family or individual. We believe this process should begin with engaging our Single Point CFO™ services.