Charitable Giving Strategies in Oregon

Serving Eugene, Roseburg, & Salem

At Schultz & Associates Law Center, P.C., we are passionate about helping clients incorporate charitable giving into their estate plans. Supporting causes that matter to you not only leaves a lasting impact but can also provide significant tax benefits. Charitable contributions often result in immediate income tax deductions, potential capital gains tax savings, and even lifetime income for you or your chosen beneficiaries. Additionally, these contributions can reduce estate taxes, making them a valuable part of a well-structured estate plan.

Maximizing Your Charitable Contributions

When given the option between paying taxes or directing funds toward meaningful charitable endeavors, most people prefer to invest in causes they believe in. Unlike taxes, charitable giving allows you to decide how and where your money is used. Our goal is to help clients make the most of their generosity while ensuring their gifts are structured in the most tax-efficient way possible.

There are several ways to incorporate charitable giving into your estate plan:

• Charitable Remainder Trusts (CRTs) & Gift Annuities – These options provide an immediate tax deduction while offering you or your beneficiaries a lifetime income stream. They also allow you to avoid capital gains taxes on appreciated assets.

• Charitable Lead Trusts (CLTs) – A CLT provides income to a charitable organization for a set number of years, with the remaining assets passing to your heirs tax-free or at a reduced tax rate.

• Private Foundations – If you want greater control over how your contributions are used, establishing a private foundation allows you to set specific conditions for donations and create a lasting charitable legacy.

• Donor-Advised Funds (DAFs) – A DAF provides a simple and tax-efficient way to support charities while offering flexibility in how and when your contributions are distributed. This is an excellent option for those making regular donations to religious organizations or nonprofits.

Charitable planning can be a complex process, but with the right strategy, you can make a significant impact while maximizing your tax benefits. If you’re interested in supporting a cause while optimizing your financial plan, contact us to discuss the best charitable giving solutions for your needs.