Visionary Voices

Senior looking into the future to make an impact.

Smarter Giving: How Seniors Can Make an Impact and Save on Taxes

Did you know giving to charity can save you money on taxes while making a real difference? Surprisingly, fewer than 40% of wealthy retirees know about tools like Qualified Charitable Distributions (QCDs) and Donor-Advised Funds (DAFs) that help them give smarter. If you’re 70½ or older, QCDs let you donate directly from your IRA, lowering your taxable income and helping you meet Required Minimum Distributions to avoid penalties. DAFs, on the other hand, offer flexibility to donate now, decide later, and even grow your contributions tax-free. Learn how these strategies can work together to maximize your impact and align your giving with your goals.

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Estate Planning Paralysis

Estate planning can feel overwhelming for many donors, often leading to delayed decisions or even giving up entirely. With so many options—charitable trusts, wills, beneficiary forms—and the added complexity of tax laws like IRS §170, it’s no wonder people experience “choice overload.” This article dives into the very real struggles donors face when navigating these decisions, sharing relatable examples of how too much complexity can stall the process. It also offers practical advice on how simplifying choices and having thoughtful, sincere conversations can help donors move past indecision and confidently align their giving with their values.

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Woman holding a Yorkie on shoulder.

No Kids? Adopt a Cause.

Ever wonder who gets the fortune when there are no kids to squabble over it? Turns out, charities, distant cousins, and even lucky pets are raking it in! A Wall Street Journal article highlights an interesting trend: charities, distant relatives, and even pets are becoming the beneficiaries of surprise inheritances. For those of us in the nonprofit sector, this is a wake-up call—a significant opportunity to engage with a growing demographic that’s thinking beyond traditional family boundaries.

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Hard Lessons Learned …

Luckily, the most important lessons I’ve learned in my 40+ years of fundraising and charitable estate planning came near the beginning. Many of those experiences were painful, and it’s still somewhat embarrassing to shine a spotlight on my greatest mistakes. Nonetheless, things I learned from my stumblings have become essential elements of my fundraising career. Here are my top ten greatest mistakes (so far).

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Luxury motor coach in front of a building

Luxury Motor Coach Donation

Owners of luxury motor coaches and RVs, such as Marathon Coaches and other high-end brands, can have the best of both worlds: a vacation with all the comforts of home, and an opportunity to shape their philanthropic legacy that also provides a current charitable tax deduction.

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