<\/span><\/h2>\nPhilanthropic planning refers to the strategies and tools that an individual or organization can use to ensure their charitable donations both align with their beliefs but also are the most beneficial to both parties.<\/span><\/p>\nThis can include considering the tax implications for both parties when donating. It can also refer to the way contributions are delivered, whether it be all at once or on an ongoing basis such as through endowment.<\/span><\/p>\nThe goal is to ensure the individual donating can achieve the results they want from their donations and that the charity receives the most benefit.<\/span><\/p>\n<\/span>Benefits Of Philanthropic Planning<\/span><\/span><\/h2>\nThe most critical benefit is that the planning represents a carefully thought-out financial strategy that maximizes the benefits of a contribution.<\/span><\/p>\nSimilar to any kind of investing, making a lump sum investment in one asset is generally not the best path to achieve one\u2019s long-term goals. Instead, a careful strategy that weighs the pros and cons of each investment option is used so that a more varied and well-balanced approach can be used.<\/span><\/p>\nPart of this strategy can be to gain the maximum tax advantage possible through various types of contributions, which in some cases can result in more money being available for donations or to fund endowments or other trusts.<\/span><\/p>\n<\/span>Philanthropic Planning Offers More Control<\/span><\/span><\/h2>\nWith philanthropic planning, an individual can have far more control over the donations that are being made. This is especially true if the donations are to be made after one’s death.<\/span><\/p>\nBy using tools such as trusts, foundations, and endowments, an individual can set up strategies that allow charities to be funded in a specific way for years to come.<\/span><\/p>\n