Charitable Planning
Give With Purpose. Create a Lasting Legacy.
Your wealth can support more than the life you want to live. It can also advance the causes and values you want to carry forward. At Sedway Financial, we work with high-net-worth individuals, families, and business owners to connect charitable giving with a broader wealth strategy, bringing philanthropy, tax considerations, and family legacy goals into one coordinated plan. Charitable giving provides many positive effects such as personal satisfaction for the donor and reductions in estate and income tax. Donations reduce estate size and are deductible during the donor’s lifetime.
Explore Strategies That Fit Your Intentions
A straightforward gift may accomplish exactly what you have in mind. When your priorities call for a more structured approach, we evaluate the available strategies in the context of your broader plan.
Donor-advised funds allow you to contribute assets for charitable purposes and recommend grants to eligible organizations over time. Contributions are irrevocable, and the sponsoring organization retains legal control of the assets. A contribution may qualify for a charitable deduction, subject to applicable rules and limitations.
Charitable trusts can connect philanthropy with income or wealth-transfer objectives. A charitable remainder trust generally provides payments to you or other beneficiaries before the remaining assets pass to charity. A charitable lead trust supports charity first, with remaining assets later passing to designated beneficiaries. Both involve irrevocable commitments and require careful structuring and administration.
Private family foundations may warrant consideration for families seeking a formal structure for ongoing philanthropy. We weigh that approach against the responsibilities it brings, including annual reporting and applicable charitable distribution requirements, rather than assuming a more complex arrangement is necessarily a better fit.
