Donors

Donor Impact Plans

To stem the outmigration of capital from our region through estate taxes, Impact partners with wealth owners’ legal, tax and financial advisors to coordinate the development and implementation of tax-efficient wealth transition strategies, “Donor Impact Plans,” which:

Transfer more wealth to family and nonprofits matching the wealth owner’s charitable objectives
Avoid unnecessary income and estate tax

Creating a Donor Impact Plan:

1. Determine Complete Financial Status/Goals

A. Financial inventory
B. Current scenario wealth transfer projections
C. Family business/farm succession or transfer objectives

2. Develop Tax-Efficient Wealth Transfer Strategies

A. Presented for review by wealth owner, family, and trusted advisors
B. Best options adapted and customized to meet family’s standards

3. Discernment Process to Determine Charitable Focus

A. Charitable inspiration interview
B. Charitable inspiration document detailing charitable focus

4. Design of Innovative Strategies to Achieve Financial and Charitable Objectives

A. Tax-efficient wealth transfer plan
B. Tax-efficient lifetime gifts
C. Specific, measurable, societal impact plan

5. Implementation of the Donor’s “Impact Plan”

6. Annual Reviews

A. Plan adapted to changing needs, priorities and achievement of desired charitable outcomes