Charitable Giving
Strategic philanthropy that creates lasting impact while optimizing tax benefits
Maximize Your Philanthropic Impact
Our charitable giving strategies help you support the causes you care about while maximizing tax benefits and ensuring your philanthropic legacy endures for generations. Whether you're interested in establishing a private foundation, creating a donor-advised fund, or integrating charitable giving into your broader estate plan, our experienced attorneys will guide you through the process.
Your Wealth
Strategic Giving
Community Impact
Our Charitable Giving Services
Private Foundations
Establish and manage private foundations that provide maximum control over your charitable giving while creating a lasting family legacy.
Donor-Advised Funds
Create flexible giving accounts that offer immediate tax benefits while allowing you to recommend grants to your favorite charities over time.
Charitable Trusts
Design specialized trusts that provide income to you or your beneficiaries while supporting the charitable causes that matter most to you.
Tax-Efficient Giving Strategies
Strategic charitable giving can significantly reduce your tax burden while maximizing the impact of your philanthropy. Our attorneys are well-versed in the latest tax laws and can help you:
- Time your charitable contributions for optimal tax advantages
- Donate appreciated assets to avoid capital gains taxes
- Utilize charitable remainder trusts and charitable lead trusts
- Implement qualified charitable distributions from IRAs
- Structure business interests for charitable giving
We work closely with your financial advisors and accountants to ensure your charitable giving strategy aligns with your overall financial and estate plans.
Case Study: Creating a Family Legacy of Giving
A successful business owner wanted to establish a charitable legacy that would involve multiple generations of their family. We helped them:
- Establish a private family foundation with clear governance structures
- Create a donor-advised fund for immediate tax benefits
- Develop a charitable remainder trust that provides income during retirement
- Implement a family giving committee to involve children and grandchildren
Result: The family now has a structured approach to philanthropy that provides significant tax benefits while creating a meaningful legacy that will span generations.
I wanted to make a difference in my community while also being smart about taxes and my estate. The team at Cody, Cody & McCarthy helped me accomplish both goals.
They designed a charitable giving strategy that allowed me to support the causes I care about while also providing significant tax advantages. Their expertise in both charitable and tax law made all the difference.
Eleanor J.
Wellesley, Massachusetts
Benefits of Strategic Charitable Giving
- Income tax deductions for charitable contributions
- Avoidance of capital gains taxes on appreciated assets
- Reduction of estate and gift taxes
- Creation of income streams through certain charitable vehicles
- Establishment of a meaningful family legacy
Ready to Discuss Your Charitable Goals?
Our experienced attorneys can help you create a philanthropic plan that reflects your values and maximizes your impact.
Schedule a ConsultationRelated Practice Areas
Explore our comprehensive legal services designed to protect your interests and secure your future.
Ready to Discuss Your Charitable Giving Strategy?
Our experienced attorneys can help you create a philanthropic plan that reflects your values and maximizes your impact.
Schedule a Consultation