Many people and households aspire to create a legacy of generosity and giving again to the neighborhood. With the steering of SignatureFD’s SignatureGENEROSITY staff led by Director of Giving, Elizabeth Burdette, many consumers and their households have launched into their very own journeys of generosity. These shoppers have harnessed the facility of their sources and values to make a significant affect on the causes they care deeply about. Listed here are three of their inspiring tales.
John Lert – A Legacy of Household Philanthropy
When John Lert bought his enterprise in 2022, he knew he wished to make use of a considerable portion of the proceeds for philanthropic endeavors. Furthermore, he was desirous to contain the subsequent generations of his household in creating an enduring legacy of generosity. With the steering of his advisor, Matt Barber, and the SignatureGENEROSITY staff, John launched into a philanthropic journey to open a donor-advised fund. This instrument allowed him allocate a share of the gross sales proceeds to philanthropy within the type of privately held C Corp inventory.
This strategic transfer enabled John to seize a charitable tax deduction whereas offering his household with a versatile giving car that might develop over time by investments. The household got here collectively to create a Household Generosity Settlement, setting tips for each particular person and collective giving from the donor-advised fund.
Common Household Generosity Conferences with their SignatureFD staff allow them to revisit their settlement and share the affect of their generosity on varied causes they deeply care about, equivalent to autism, STEM schooling, and environmental conservation. John’s household has embraced this strategic strategy to giving.
The Potter Household – A Clear Path to Charitable Giving
Linda and Gordon Potter have at all times been devoted to enhancing the world by volunteering their time and donating to varied organizations over time. As their investments grew, they sought a extra intentional strategy to allocate their charitable {dollars}. Collaborating with the SignatureGENEROSITY staff, they crafted their Generosity Objective Assertion, which supplied readability and course for his or her giving journey.
They explored efficient giving automobiles to achieve their charitable and monetary targets. The Potters streamlined their property planning by changing the charitable beneficiaries of their Revocable Belief with a newly created donor-advised fund. This step allowed for higher flexibility of their charitable giving as their relationships with nonprofit organizations advanced. The Potters’ journey additionally included optimizing giving throughout their lifetime utilizing Certified Charitable Distributions.
As they mirrored on their generosity journey, they expressed the aid of getting a transparent path to help organizations aligned with their values whereas benefitting from SignatureFD’s complete help.
A Journey of Giving By way of Music Schooling
One in every of our shoppers, deeply keen about music schooling, launched into a philanthropic journey with the help of the SignatureGENEROSITY staff. With music schooling as her focus, the shopper was launched to the nonprofit Save the Music. This group’s mission is to empower college students, colleges, and communities by the transformative energy of creating music.
Our shopper established a robust relationship with Save the Music and realized about a chance to fund a J Dilla Music Expertise Grant at Millbrook Excessive College in Raleigh, North Carolina. This revolutionary program brings Twenty first-century expertise and music creation methods to excessive colleges nationwide, altering college students’ views on music and profession potential. In November 2022, our shopper had the chance to journey with Save the Music staff members to Raleigh and witness the affect of her generosity in individual. The go to to Millbrook Excessive College supplied a tangible reminder of the unbelievable energy of philanthropy, as her present has the potential to alter the trajectory of scholars’ lives. Impressed by this expertise, our shopper plans to help a second J Dilla Grant in Memphis, additional increasing her journey of giving by music schooling.
These tales of philanthropy and generosity function a testomony to the facility of aligning one’s values and sources to create an enduring legacy of giving again to the neighborhood. Many SignatureFD shoppers have made a major affect on causes they deeply care about and found the profound achievement that may come from making a legacy of generosity. Their journeys encourage us to discover our alternatives for significant philanthropy and positively affect the world.
