Philanthropists

Philanthropists

Many of our clients have a passionate interest in philanthropy. Andersen helps our clients fulfill their philanthropic desires by finding “matching dollars” in the form of tax benefits for their charitable gifts. Andersen has a dedicated practice focused on charitable giving as a key component of income, estate, gift, and trust planning. 

As the authors of the highly regarded treatise, Tax Economics of Charitable Giving, Andersen is recognized as the thought leader for achieving philanthropic objectives in the most effective manner. 

We’ve worked with philanthropists to:

• Design charitable gifts to fit overall objectives and unique financial situations, including outright gift versus deferred gift considerations.
• Select or analyze established charitable vehicles including private charities, foundations, and 501(c)(4) social welfare organizations. 
• Select appropriate assets to fund charitable entities, including appreciated property, works of art and other collectibles, life insurance policies, limited partnership interests, etc.
• Structure gifts of partial interests including qualified conservation easements or remainder interests in a personal residence or farm.
• Create governance structure and select stewards of charitable entity (i.e. trustee, foundation manager, etc.).
• Document and substantiate charitable gifts, including special valuation issues and qualified appraisal requirements.
• Provide representation before IRS on examinations of charitable giving issues.
• Deliver qualified appraisals for donations of cryptocurrency.
• Execute advanced philanthropic opportunities like bargain sales around less traditional assets such as real estate, artwork, or other collectibles.