Introduction

Philanthropy has long been an essential tool for high-net-worth individuals (HNWIs) to achieve personal, family, and societal goals, while also providing significant tax benefits. However, the landscape of philanthropic giving is rapidly changing due to evolving tax laws, charitable regulations, and emerging digital assets. In this program, participants will gain advanced knowledge of the tax implications of philanthropic strategies, including donor-advised funds (DAFs), charitable remainder trusts (CRTs), private foundations, and more. The course also delves into how impact investing and sustainable philanthropy align with tax-efficient giving.

Objectives

By the end of the program, participants will:

• Understand the tax benefits and regulations surrounding various philanthropic giving vehicles, including charitable deductions, donor-advised funds (DAFs), charitable remainder trusts (CRTs), and private foundations.
• Learn how to maximize tax efficiency in philanthropic planning through the use of complex charitable vehicles and tax deferral strategies.
• Explore how impact investing and sustainable philanthropy can contribute to both tax advantages and social good.
• Analyze the evolving tax laws and philanthropic regulations, including those related to digital assets, cryptocurrency donations, and international philanthropy.
• Develop strategies for integrating philanthropy into estate and succession planning.

Who Should Attend?

This training is ideal for:

• High-net-worth individuals and family offices
• Philanthropists looking to enhance their giving strategies
• Estate planners, tax advisors, and wealth managers specializing in charitable giving
• Non-profit executives and those involved in charitable organizations
• Legal professionals focused on charitable trust law, foundations, and tax law

Course Structure – Two Advanced Sessions Per Day

Day 1: Introduction to Philanthropic Giving Vehicles and Tax Implications

Session 1: Overview of Philanthropic Giving and Tax Benefits

• Charitable deductions: What’s deductible, and how to maximize deductions for high-net-worth individuals
• Overview of tax laws related to philanthropy: IRS regulations and state-level laws
• The evolution of philanthropic tax incentives: Changes in the Tax Cuts and Jobs Act (TCJA)
• The role of charitable gifts in reducing taxable estates and lowering capital gains tax
• Case study: Maximizing tax benefits of charitable giving for a family with a $10 million estate

Session 2: Donor-Advised Funds (DAFs) and Charitable Remainder Trusts (CRTs)

• DAFs: What they are, how they work, and their tax advantages
• Structuring DAFs for tax-efficient giving: Contributions, investments, and grants
• Charitable remainder trusts (CRTs): Benefits of income tax deductions and estate tax savings
• CRTs vs. CLTs: Choosing the right structure for charitable giving
• Case study: Integrating DAFs and CRTs into a comprehensive philanthropic strategy

Day 2: Private Foundations and Advanced Charitable Planning Strategies

Session 3: Private Foundations – Key Considerations and Tax Planning

• The pros and cons of creating a private foundation: Control, tax benefits, and administrative requirements
• Tax-exempt status and foundation excise taxes: Key compliance rules
• Distributing charitable grants from foundations: Requirements and strategies for effective grantmaking
• Self-dealing and other restrictions for private foundations
• Case study: Establishing a private foundation for a family’s long-term philanthropic goals

Session 4: Complex Charitable Planning Strategies

• Charitable lead trusts (CLTs): Tax benefits and structuring for charitable legacy planning
• Family foundations: Navigating governance, tax benefits, and generational continuity
• Using philanthropic LLCs and impact investment funds for sustainable giving
• International giving: Tax treatment of charitable donations abroad and cross-border tax compliance
• Case study: Leveraging impact investing and sustainable philanthropy for long-term family goals

Day 3: Impact Investing and Socially Responsible Philanthropy

Session 5: Integrating Impact Investing with Philanthropy

• What is impact investing? The alignment of social goals with financial returns
• Socially responsible investing (SRI) vs. Environmental, Social, and Governance (ESG) investing
• The tax benefits of incorporating impact investing in a philanthropic portfolio
• Impact investing strategies for high-net-worth individuals and families
• Case study: Designing an impact investment strategy for a family foundation

Session 6: Sustainable Philanthropy and Long-Term Social Change

• What does sustainable philanthropy look like in the modern world?
• Key trends in sustainable and mission-driven investing: Aligning social values with financial goals
• Using impact funds and green bonds as tax-efficient charitable vehicles
• The tax implications of sustainable projects, renewable energy investments, and social enterprise
• Case study: Designing a long-term sustainable philanthropy strategy

Day 4: Taxation of Digital Assets and Crypto Philanthropy

Session 7: Tax Considerations for Digital Assets and Cryptocurrencies

• Understanding the tax treatment of cryptocurrency donations
• How to donate digital assets (like Bitcoin, Ethereum, etc.) for maximum tax efficiency
• Key IRS guidelines for cryptocurrency as a charitable donation
• The tax impact of mining income and its relationship to charitable deductions
• Case study: Maximizing tax benefits through cryptocurrency donations to a donor-advised fund

Session 8: Navigating Global Philanthropy and Cross-Border Tax Issues

• The implications of cross-border charitable giving
• Navigating the complexities of international tax treaties, foreign tax credits, and charitable deductions
• Global tax compliance: FATCA, CRS, and their effects on philanthropic giving
• Managing donations to foreign charities and meeting tax compliance requirements
• Case study: Establishing a global charitable giving strategy

Day 5: Estate Planning, Charitable Giving, and Future Trends

Session 9: Philanthropy and Estate Planning Integration

• Incorporating charitable giving into estate planning for tax advantages
• Using charitable bequests to reduce estate taxes and benefit future generations
• Charitable remainder annuities: How they can serve as a retirement planning tool while benefiting charitable causes
• Structuring philanthropic gifts to ensure they align with family goals for future generations
• Case study: Integrating charitable bequests into estate planning for multi-generational wealth

Session 10: The Future of Philanthropy and Tax Considerations

• The impact of technology on the future of philanthropy: Blockchain and smart contracts in charitable giving
• New trends in data-driven philanthropy, and the role of AI in grantmaking decisions
• Tax reforms and philanthropic laws: Preparing for potential changes in estate tax exemptions, charitable deductions, and global tax rules
• The future of digital currencies and sustainable philanthropy
• Roundtable discussion: The evolving landscape of philanthropy and its tax implications

Conclusion & Certification

• Review of key takeaways and actionable strategies
• Certificate of Completion provided to all participants
• Networking opportunities and Q&A session