It’s a family thing

by SCF Team | January 27, 2025 | Siouxland Community Foundation Blog, Donor Resources |

This may be the year to involve your children or grandchildren in charitable giving! Learning about philanthropy benefits young family members by fostering personal growth and compassion.

The Siouxland Community Foundation can help you explore strategies to engage your family and address related estate planning questions, such as:

• Structuring legacies: Ensure heirs can stay connected to your charitable priorities across generations.
• Balancing financial security and independence: Leave enough to support children’s futures while motivating them to pursue personal and professional growth.
• Encouraging self-directed passions: Help children and grandchildren develop their own philanthropic interests.

Concerns about entitlement or dependency often lead families to explore:

• Philanthropic estate planning: Allocate only the estate tax-free amount to heirs, directing the rest to a donor-advised fund or other charitable vehicle.
• Setting up a fund now: Support your favorite causes during your lifetime and appoint children as successor advisors to continue your legacy.
• Family involvement: Successor advisors can recommend grants and maintain family bonds while actively engaging with Siouxland’s charitable community.

These strategies not only help avoid estate taxes but also strengthen family ties and inspire future generations to give back.

Our team is here to help you meet your financial goals and honor your vision for your family’s legacy. Reach out to us anytime!

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