Charitable Planning &

Discover how much you can afford to give, learn tax-friendly tactics, and maintain your charitable values.


Charitable Planning & Philanthropy

Discover how much you can afford to give, learn tax-friendly tactics, and maintain your charitable values.


Planning &

Discover how much you can
afford to give, learn tax-friendly
tactics, and maintain your
charitable values.

Create a wonderful opportunity to apply your gifts and utilize your skills differently.

We help our clients identify the causes and charities that they are most passionate about through our Categories of Philanthropy exercise. Then we help introduce our clients to potential nonprofit partners in their field of interest.

What We Help Clients With

Many of our clients want to incorporate charitable giving and philanthropy into their financial plan but need guidance. Through our continued planning process, we determine the most efficient way for clients to do their giving. This may include distributions from retirement plans, using donor advised funds for the transfer of appreciated stock, or more sophisticated solutions through charitable gift annuities or charitable remainder trusts.

We all want to help our loved ones, but sometimes money hurts more than it helps. Even if you have the means to provide a stipend, consider the effect that your money will have on you, your spouse, and the person to whom you’ll be giving it. Ideally, a stipend should provide your loved one with a path towards financial independence, without putting your happiness, or your financial security, at risk.

Depending on your vision and goals, you have many choices available to you. At Mission Wealth, we can help you think through this process, offering suggestions and tools.

Remember the way your children grinned when they received their birthday presents? Or how your grandchildren were delighted with the Christmas presents you gave them? Though they may be well past the point where dolls, trucks, and toys provide excitement and celebration, there is still much you can do to bring back those wonderful moments. Your loved ones now have mortgages, bills, car payments, and college tuition to worry about. Imagine their relief and happiness to receive some sort of gift to ease the burden.

If the possibility of monetarily helping your children or grandchildren excites you, it is time to investigate the process of gifting. Through gifting you can give your loved ones money or assets now that would otherwise be turned over at your death. These gifts can then be put towards some of the biggest expenses in their lives.

The benefits of gifting are numerous. First, gifting removes certain assets from your estate, thus saving your family members taxes upon your death. Second, you will get to watch as the benefits of your gift take root in your child’s or grandchild’s life. As with all forms of generosity, you will get a great deal of satisfaction from gifting. Imagine watching a grandchild graduate from college knowing you have helped provide tuition or a daughter buy her first house with funds you have given.

We can help you bring charitable goals into focus from both a financial and estate planning perspective, engaging your family in meaningful values conversation. This will all be incorporated in your long-term financial plan.

“My life is too busy to tackle estate planning.”
“I don’t have to plan for my family, I have life insurance.”
“I’m simply focused on paying my bills now. Worry about the future? I’ll do it later.”
“I don’t want to think about death, I’ve just barely started living!”

Whether from laziness, denial, ignorance, or sheer lack of time, thousands of Americans put off developing an estate plan. According to, 72 percent of people with children have a will, but those over 50 who have a will is only 40 percent. This leaves many families unprotected and unable to direct the financial outcome of a loved one’s death.

If you care about your family and their future it is vitally important to begin developing an estate plan today. Doing so can protect your assets from heavy taxation, provide more for your family after you are gone, and establish guardians for those you love.

Once you have written a will and planned your estate, don’t think that it is set in stone. As your life changes and your financial situation evolves, your will should grow with you. Make estate planning and review of your will a normal part of your routine. Doing so will keep your legal documents up to date and provide the best form of protection and support for your family.

We will review your current estate plan and help you understand how it is currently laid out and help you identify if any updates may be in order. We review this every other year to ensure that the designated parties are still appropriate and able to serve, and to determine if further updates to your plans are warranted.

Though you might not realize it, there are thousands of charitable foundations across the United States geared towards helping a wide range of individuals. Top foundations include the Ford Foundation, The Rockefeller Foundation, Andrew W. Mellon Foundation, and the Pew Charitable Trusts. Leading the list in philanthropy is the Bill and Melinda Gates Foundation which is by far the largest foundation in the world. Its creed is: “Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to reduce inequities and improve lives around the world.”

Possibly you share the desire to improve the lives of others in some way. You do not have to be a billionaire or a major corporation to get involved with philanthropy. Many Americans are starting to donate their own money to these beneficial organizations as well as creating their own. The Foundation Center and Giving USA estimate contributions made to foundations around $30 billion. This money benefits many individuals and organization such as families in need, teens in trouble, and museums fighting to keep their doors open.

You too can get involved. There are a number of international, national, statewide, and local foundations to give to. If you can’t find one you like, it may be possible to create your own. There are so many worthy causes out there and a huge number of people who need your help. Get started today and make the most of your giving.

Running a foundation is not only a financial investment, but also a time commitment. Tasks might include securing additional funds, publicizing your foundation, reviewing applicants for aid, and handling tax and legal issues. We will help incorporate your foundation plans into our your financial plan.

Rhodes Scholarships have been one of the greatest sources of scholarships in the twentieth century. Since 1903 funds have been awarded each year to students who show promising achievement and a drive for international peace. Many famous individuals have been past recipients including President Bill Clinton, actor Kris Kristofferson and General Wesley Clark.

While these well-known individuals benefited from Rhodes Scholarships and others like it, so too has the average student. In fact, you or your children may have been one of them. Scholarships are a major source of education funds for American college students today. In fact during 2014-15, the College Board cites data that $123.8 billion, in the form of grants, work-study, and loans, is given each year to help young adults achieve their educational goals. Some of this scholarship money comes from government agencies, universities, civic societies, and private corporations. Valuable scholarships created by individuals and families have also added to the grand total. This public involvement is vital for the continuation of many scholarship funds and education programs. You can get involved by starting your own or finding a specific scholarship you believe in. Your donations will not only secure the dreams of an aspiring student but also reap rewards for you.

Managing a scholarship on your own is not only a financial investment, but also a time commitment. Tasks might include securing additional funds, publicizing your scholarship, reviewing applicants for aid, and handling tax and legal issues. If you do not have the time to oversee all of these tasks, look to hiring an administrator or other personnel. Many times these people have experience in this area and might be able to offer insights into the process.

We will help incorporate your scholarship plans into our your financial plan and recommend professionals to help get answers you need.

Money does not buy happiness. However, studies have shown that charitable giving does. Funding causes or events that matter to us strengthens our connectedness to other people, and makes us feel like we’re making a difference in our communities. Those good feelings can last a lot longer than the quick hit of happiness we get after a big impulse buy. But funding a cause or event also has its own set of potential pitfalls that need to be navigated if you want good works to be a part of your financial planning.

Many people with a strong charitable impulse jump in with both feet, and find themselves in over their heads very quickly. Whatever the size of your intended generosity, you need to start by consulting your monthly budget and figuring out exactly how much money you can afford to give. Set a reasonable limit. It’s great that you want to help other people. But if you end up committing more than you can really afford, who is going to help you?

Whether you’re making a one-time donation or setting up an ongoing commitment, there will be tax ramifications. You can check if your donation will be tax-deductible by consulting the list of exempt organizations on the IRS’s website.

Before funding a cause or event, you should consult with a financial advisor, your attorney and your family. If you want to make donations part of your legacy planning, those wishes should be outlined in your will and trust, and discussed with the person you choose to execute your estate. You might even want to discuss your charitable plans with your whole family. Getting your loved ones involved can help ensure your legacy continues to do good in perpetuity.

Out of the billions of dollars donated every year by the private sector, a full 60 percent are given to religious organizations. This fact makes religious affiliates the number one destination for donated funds in America. Volunteer rates reflect a similar trend. In 2012, 33.1 percent of all the volunteers spent their time helping religious organizations and institutions. This includes teaching religious classes, helping out at services, doing missionary work among the poor, and even keeping the books for the group.

Some of these statistics can be explained by certain religious obligations and the strong pull of giving to a religious cause one believes in. No matter what the reason, there is no denying that religion-based donations are an important part of America’s culture of philanthropy. If you are contemplating such a donation, there is much you can do to prepare yourself. You probably already know the intended church or religious group to which you want to give, so you will not need to do much research. However, that does not mean you should simply write a check or make a donation online. There are a number of steps to follow and issues to resolve to prepare financially. Covering these bases will not only help you find the right amount to give but may also increase what you can afford.

Many donations are tax deductible. Keep receipts for all donations of money or goods to any organization. Look over the tax code, verify with the IRS, or talk to your personal accountant to be certain that your donation is eligible as a deduction.

We can help clients evaluate how much they can afford to give as well as to understand their choices with a lens that would be the most “tax-friendly”.


You Dream. We Deliver. Together.

We would love to hear from you! Please take a minute to let us know how we can help you and we will be in touch.