Gifting and philanthropic solutions

Give to the people and causes you care about

If you wish to help others with gifts of cash or assets, you can make tax-savvy transfers in your lifetime rather than at estate settlement. A well-planned program of lifetime gifts to family, friends and charities can also help preserve more of your assets for your heirs. Gifting opportunities can include:

  • Making annual gifts of cash or assets
  • Giving in lump sums
  • Providing unlimited medical and tuition payments when paid directly to the institution
  • Transferring assets to minors
  • Using various types of giving to help charities and receive an income tax and/or estate tax deduction

Charitable giving at estate settlement is another way to accomplish your philanthropic goals while also offering tax advantages. There are a number of effective tools and strategies including:

  • Gifting appreciated securities
  • Contributing to donor advised funds
  • Contributing to pooled income funds
  • Establishing charitable gift annuities
  • Establishing charitable trusts
  • Creating private family foundations
  • Purchasing life insurance
  • Donating remainder interest in a residence or vacation home

For your generosity to create the outcomes you envision, it's important to understand the strengths and limitations of these solutions. Your RBC Wealth Management financial advisor can help you make well-informed decisions and implement a giving plan that benefits you and the recipients of your good will.

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