What Is Charitable Wealth Planning?
Charitable wealth planning is a way to use money tools to give wisely. It is not just about donating money or assets. It is about finding a plan that fits your goals. This helps both the charity and the person giving.
Synchrony Charitable Wealth Planning makes this even better by creating plans for each person’s needs. It focuses on what matters most to each person and helps them make a big difference.
How Synchrony Helps You Give
Synchrony Charitable Wealth Planning gives tools and ideas to make giving easier and more meaningful. It helps people manage their money in a way that they can donate more while still staying financially secure.
This works for people who want to give while they are alive or leave something for charities after they pass away. It often includes setting financial goals, picking the right charities, and choosing the best ways to support them.
Why You Need a Charitable Wealth Plan
A good charitable wealth plan brings many benefits. It makes sure your giving matches your personal and money goals. It can also lower taxes, which makes giving less costly. It gives a clear plan for your giving, so you can track how your donations are helping.
Using Synchrony’s approach, donors can enjoy these benefits and build a closer connection to the causes they care about. It makes giving easier and less stressful.
Tools to Make Giving Better
Synchrony Charitable Wealth Planning offers different ways to give smartly. These include donor-advised funds, charitable trusts, and direct gifts. Each choice is helpful for different goals and money situations.
- Donor-Advised Funds (DAFs): These let you save money for charity and choose later where it will go. This is great if you need time to decide.
- Charitable Trusts: A trust helps a charity by giving some income back to you or your family. This works well if you want to help over a long time.
- Direct Gifts: Giving directly to charities is simple. Synchrony ensures your gift is tax-efficient so that you save money while helping others.
Matching Giving to What Matters Most
Every person gives for their reasons. Synchrony Charitable Wealth Planning starts by understanding why giving is important to you. It creates a plan that reflects your values.
For example, someone who loves education might focus on scholarships. Someone else who cares about the environment might support groups that protect nature. Synchrony helps you connect your giving to your passions.
Tax Advantages of Giving
Donating to charity can lower the amount of tax you pay. Synchrony helps donors make the most of these tax benefits. This includes strategies like giving assets such as stocks, which avoids certain taxes.
For example, donating stocks that have gained value can save money on capital gains taxes. Synchrony also helps with limits on yearly donations and planning for estate taxes.
Giving During Your Life
Giving while you are alive lets you see the good your donations are doing. Synchrony Charitable Wealth Planning offers ways to give now and keep your financial stability.
This can mean making yearly donations, setting up a donor-advised fund, or creating a charitable trust. These options are flexible, so you can adjust them as your situation changes.
Leaving a Gift After You Pass Away
Many people want their giving to continue after they are gone. Synchrony Charitable Wealth Planning helps donors include giving in their will or estate plan. This ensures their values continue to help others.
Options include leaving a gift in a will, naming a charity as a beneficiary of retirement accounts, or creating an endowment. Synchrony helps you pick the best way to leave a lasting gift.
Working with Experts
Making a charitable wealth plan can feel hard. Synchrony works with financial advisors, lawyers, and tax experts to make the process simple. This team makes sure all your financial and giving goals are covered.
Experts help donors understand options, follow legal rules, and make plans that fit their needs. Synchrony’s teamwork makes charitable planning smooth and easy.
Involving Your Family
Giving can be a family activity. Synchrony encourages families to plan their giving together. This teaches younger family members the importance of helping others.
Families can set shared goals, choose charities, and decide how to split resources. Synchrony provides tools to help families work well together.
Giving Without Worrying
Many people fear that donating might hurt their financial security. Synchrony Charitable Wealth Planning helps people live without fear. It creates balanced plans that let you give while keeping your money safe.
This includes setting limits, creating trusts that provide income, or using donor-advised funds. These methods let donors give in ways that feel secure.
Keeping Your Plan Up-to-Date
Charitable planning is not something you do once. Synchrony helps donors review their plans often to make sure they are still good. Changes in life, money, or tax laws can affect plans, so updates are important.
Regular checks keep your giving effective and your financial goals on track. Synchrony supports donors through every change.
Combining Giving with Other Goals
Synchrony looks at your whole financial life when planning. It connects giving with retirement plans, investments, and estate planning.
This approach makes sure your donations work alongside other financial priorities. It gives donors confidence that their giving supports their life goals.
Joy of Helping Others
Giving is not just about money. It is about the happiness of helping others. Synchrony helps donors connect with causes that matter to them, making giving a meaningful experience.
Many people find that donating brings them purpose and joy. Synchrony’s personal touch ensures every donation feels special.
Creating a Difference That Lasts
Synchrony Charitable Wealth Planning focuses on making a big impact for both donors and charities. By using smart strategies and understanding personal values, it helps people make a difference that lasts.
Through proper planning, donors can create a legacy that reflects their beliefs and inspires future generations to keep giving.