For high-net-worth individuals, charitable giving offers a unique opportunity to create lasting impact while strengthening your financial position. Whether you’re passionate about supporting education, advancing medical research, or funding community programs, your generosity can extend far beyond a simple donation. At Wherry & Associates, we specialize in crafting strategic giving plans that maximize your philanthropic goals while protecting your wealth.
By integrating charitable giving into your broader financial strategy, we help ensure your contributions are tax-efficient, sustainable, and aligned with your long-term goals.
Where Strategy Meets Generosity
Effective philanthropy requires more than good intentions—it demands strategy. We help high-net-worth individuals develop personalized charitable giving plans that align with their financial objectives, ensuring their generosity makes the greatest impact while preserving financial stability.
Our private wealth management team works closely with you to:
- Identify tax-saving opportunities through strategic giving
- Align charitable contributions with retirement and estate planning
- Ensure your giving leaves a meaningful and enduring legacy
Donor-Advised Funds: Streamlining Charitable Giving
Donor-advised funds (DAFs) are a popular tool among high-net-worth individuals seeking to simplify their giving while maximizing tax advantages. By contributing to a DAF, you receive an immediate tax deduction while distributing donations to charities over time. This allows you to manage your giving strategically, spreading your contributions across multiple years while optimizing tax benefits.
DAFs are ideal for individuals who:
- Want to maintain flexibility in how and when they donate
- Are looking to reduce their taxable income during high-earning years
- Prefer a streamlined approach to managing multiple charitable contributions
Donating Appreciated Securities: Maximize Impact, Minimize Tax
High-net-worth individuals with significant investment portfolios can enhance their charitable impact through the donation of appreciated securities. By donating publicly traded stocks or mutual funds directly to charity, you can avoid capital gains tax while still receiving a tax receipt for the full market value.
This strategy not only reduces your tax exposure but also allows your chosen charities to receive the full benefit of your investment gains. At Wherry & Associates, we align these donations with your broader financial plan to ensure your wealth continues to work in your favour.
Life Insurance: Creating a Lasting Philanthropic Legacy
For those seeking to make a substantial charitable impact, life insurance can be a powerful giving vehicle. By naming a charity as a beneficiary on your life insurance policy, you create a future gift that far exceeds what you could donate in cash alone. Additionally, premium payments may qualify for tax credits, allowing you to reduce your annual tax burden while establishing a meaningful legacy.
We work with high-net-worth clients to structure life insurance policies that balance charitable giving with family wealth preservation, ensuring both causes remain secure.
Tax-Efficient Giving Strategies for Wealth Preservation
For high-net-worth individuals, effective tax planning is essential to preserving wealth. At Wherry & Associates Private Wealth Management, we specialize in integrating charitable giving with advanced tax strategies to minimize your tax burden while maximizing your impact.
Our tax-efficient strategies include:
- Timing your donations: Aligning major gifts with high-income years for maximum tax savings
- Strategic withdrawal sequencing: Ensuring charitable donations are coordinated with investment withdrawals to reduce tax exposure
- Maximizing charitable tax credits: Identifying strategic opportunities to reduce your taxable income while fulfilling your philanthropic goals
By combining these strategies with your financial plan, we ensure your giving is both impactful and financially efficient.
Charitable Giving for Business Owners
For business owners, philanthropy can play a crucial role in financial strategy. Whether you’re planning to sell your business or reduce corporate taxes, charitable giving strategies can deliver powerful benefits.
Our strategies for business owners include:
- Donating corporate assets: Contributing business shares or securities to minimize capital gains taxes
- Establishing charitable foundations: Creating a lasting impact while reducing corporate tax obligations
- Incorporating giving into business exit strategies: Using charitable donations to offset taxes when selling your company
By aligning your charitable giving with your business planning goals, Wherry & Associates helps you achieve meaningful impact while safeguarding your wealth.
The Power of a Long-Term Giving Strategy
While one-time donations are generous, their long-term impact may be limited without a structured plan. At Wherry & Associates, we emphasize strategic philanthropy—a forward-thinking approach that aligns your charitable goals with your financial security.
A structured charitable giving plan allows you to:
- Ensure your donations align with your tax and retirement strategies
- Build a lasting impact in the causes you care about most
- Engage family members in meaningful conversations about giving
- Measure the long-term outcomes of your philanthropic efforts
With the right plan in place, your wealth can continue creating positive change for generations.
We Manage the Details So You Can Focus on Impact
Coordinating effective charitable giving can be complex, requiring collaboration with accountants, legal advisors, and charities. At Wherry & Associates, we simplify the process by managing the technical details, ensuring your giving strategy is seamless, tax-efficient, and aligned with your overall financial plan.
Ready to Make an Impact with Confidence?
For high-net-worth individuals, philanthropy is more than giving—it’s an opportunity to shape your legacy and strengthen your financial well-being. At Wherry & Associates, we combine strategic financial planning for high-net-worth individuals with smart giving strategies to help you maximize your impact while protecting your wealth. Let’s build a charitable giving plan that works for you, your family, and the causes you care about most.