CHARITABLE GIVING
Financial advice
from a
knowledgeable neighbor.

It is important to take into consideration
both your charitable intentions and consult
with a tax professional when weighing
whether a tax strategy through charitable
giving is right for you.

restricting its development for
commercial uses.

Conservation easements
provide tax benefits to
landowners who can claim
the value of the easement as
a tax-deductible charitable
donation. Because land is oft en
an appreciating asset, this
amount frequently exceeds the
price paid for the land.

For individuals that do not
have land to donate, there may
be opportunities to invest in
an entity that is purchasing
land in which a conservation
easement is later donated. Th e
individual donor thereaft er
receives a K-1 and can claim a
portion of the donation on his/
her personal tax returns.

Th ese types of investments
are closely scrutinized by the
IRS and may increase the risk
of an audit, so all proper proce-
dures must be followed before
claiming a deduction for such
an easement.

Charitable trusts
Charitable trusts are also
important tools in successful
tax planning. Like a DAF, the
charitable trust is created to
allow for a one-time lump
sum contribution that is later
distributed over a longer
period. Th ere are two main
types of charitable trusts:
Charitable Lead Trust.

Th is is a trust which provides
a stream of income to a charity
of the trustor’s choice for years
or a lifetime. Aft er the period
of years, or at death, whatever
is left goes to the trustor’s
benefi ciary(ies) with signifi -
cant tax savings.

Charitable Remainder
JEWISHEXPONENT.COM E. Matthew Steinberg
Managing Director – Investments
(888) 800-1152
matthew.steinberg@opco.com Serving Investors in
Philadelphia and South Jersey
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Trust. Th is trust provides a
stream of income to the trustor
for years or a lifetime and
then gives the remainder to
the trustor’s charitable benefi -
ciaries, with signifi cant tax
savings once the trust term
is complete.

Clients able to invest a
minimum of $500,000 are likely
to best utilize our services.

This material is not a recommendation as
defined in Regulation Best Interest adopted by
the Securities and Exchange Commission. It is
provided to you after you have received Form
CRS, Regulation Best Interest disclosure and
other materials. ©2021Oppenheimer & Co. Inc.

Transacts Business on All Principal Exchanges
and Member SIPC. 3414611.2
RMDs Th ose who are over 70 ½ can
donate all or a portion of
their IRA-required minimum
distributions (RMD) directly
to charity. Th is is called the
qualifi ed charitable distribu-
tion (QCD). Typically, IRA
distributions are treated as
taxable income. However,
if it is a QCD, the distribu-
tion is excluded from taxable
income. For those already
giving annually to a religious
or other charitable organiza-
tion, there is a strong benefi t
from making the distribution
a QCD instead of taking the
RMD and then later making a
charitable donation.

Jewishly. Exponentially.

Your investment
pays it forward.

Th ese are some of the ideas
and trends I’m seeing in chari-
table giving as we near the
end of the year. As always, it is
important to take into consid-
eration both your charitable
intentions and consult with a
tax professional when weighing
whether a tax strategy through
charitable giving is right for
you. l
Gratz College offers the world’s largest online
M.A./Ph.D program in Holocaust and Genocide
Studies. In classrooms around the world,
Gratz graduates are making sure the lessons
of history are not forgotten — or repeated.

Allison L. Kierman is the managing
partner of Kierman Law, PLC, an
estate planning law fi rm based in
Scottsdale, Arizona. This originally
appeared in the Phoenix Jewish
News, an affi lated publication of the
Jewish Exponent.

Make your gift at
www.gratz.edu/giving JEWISH EXPONENT
DECEMBER 2, 2021
21