Charitable Giving
Wealth is more than a number on a balance sheet. It can craft futures—a scholarship that opens the doors of possibility. It can spark innovation—funding that ignites groundbreaking research. It can change lives—supporting local communities. At Jeff Somers & Associates Private Wealth Management, we don’t just manage your wealth; we embed your vision for giving into your financial DNA, ensuring every act of generosity is purposeful, impactful, and enduring.
Giving That Works as Hard as You Do
What does it mean to give with intention? It’s creating a ripple that touches today and builds for tomorrow. It’s making every dollar work overtime, leveraging tax advantages, and structuring gifts to maximize their reach. Donating appreciated securities? Setting up donor-advised funds? Avoiding unnecessary capital gains? These aren’t just transactions—they’re strategies that amplify your generosity and align seamlessly with your tax planning, retirement goals, and wealth preservation.
Innovative Ways to Give
Donor-Advised Funds
Generosity should never feel complicated. Donor-advised funds (DAFs) simplify giving, allowing you to contribute to causes you care about while enjoying immediate tax benefits. The administrative headaches? Gone. Focus on your impact, and we’ll handle the rest.
Appreciated Securities
Why let taxes siphon away potential? Donating publicly traded securities lets you sidestep capital gains taxes entirely, while also giving you a tax receipt for the full market value of your contribution. It’s a strategy that’s both savvy and selfless—and we ensure it fits seamlessly into your broader financial plan.
Life Insurance as Legacy
A gift that lives on. By naming a charity as the beneficiary of a life insurance policy, you create an enduring impact far beyond your lifetime. And with premium payments qualifying for tax credits, your giving becomes both meaningful and efficient.
Charitable Giving Tax Credits
Taxes can feel like the invisible hand pulling at your wealth, but they don’t have to. With smart planning, they become an advantage. Sequencing withdrawals, leveraging tax credits, and timing your contributions strategically can ensure your gifts achieve their maximum potential. At Jeff Somers & Associates, your PEI financial advisor and financial planner, we integrate tax efficiency into every aspect of your charitable giving plan, leaving more resources for your family and the causes closest to your heart.
Generosity That Builds Bridges
Philanthropy isn’t merely about financial contributions; it’s a chance to share values, create dialogue, and unite generations. Involving children and grandchildren in your giving plan transforms generosity into a shared purpose. It’s a lesson not found in textbooks but lived through real-life experiences—a way to pass down not only wealth but ideals, principles, and the joy of making a difference.
A family giving plan strengthens bonds, sparks meaningful conversations, and ensures your legacy isn’t just monetary but profoundly personal.
Why Planning Matters
Generosity without direction often loses its power. A one-time donation might solve a problem briefly but lacks the structure to drive sustainable change. True philanthropy demands strategy—a cohesive, forward-thinking approach that ensures your values translate into lasting impact.
A structured giving plan isn’t static; it grows, adapts, and endures. At Jeff Somers & Associates, we measure the outcomes of your generosity, refine your approach as new opportunities arise, and involve your family in creating a legacy of kindness. It’s about turning fleeting acts of goodwill into forces of enduring good.
Focus on the Why—We Handle the How
Charitable giving isn’t just about writing a cheque. It involves aligning with legal advisors, working with accountants, and navigating intricate tax regulations. For many, it’s overwhelming. For us, it’s where we thrive.
At Jeff Somers & Associates, we bridge every gap, ensuring your giving strategy flows seamlessly. You focus on the “why”—the dreams, the values, the aspirations driving your generosity—and we take care of the “how,” translating those aspirations into actionable, impactful strategies.
Your Legacy, Amplified
Generosity has no boundaries when paired with thoughtful strategy. It’s not about the size of your assets—it’s about the size of your vision. Whether you’re working with modest means or substantial wealth, Jeff Somers & Associates helps turn dreams into lasting impact.
Let’s create a plan that reflects your values, unites your family, and transforms lives.