Philanthropic Advisory
Naviter Wealth is dedicated to helping you create a lasting legacy. Our philanthropic services are designed to maximize your charitable impact while aligning with your overall financial strategy. We provide the following comprehensive services:
Strategic Philanthropic Planning
Defining Goals and Mission:
We partner with you to clarify your charitable goals and articulate a mission statement for your giving. This includes identifying the causes and issue areas you are most passionate about.
Developing a Giving Strategy:
We assist in creating a strategic approach to giving, including determining which assets to gift, setting a timetable for donations, and evaluating potential charities to ensure your giving is purposeful and effective.
Family Engagement:
Our team helps you involve family members, especially the next generation, in the philanthropic process to build a lasting legacy and instill shared values.
Charitable Vehicles and Structures
Donor-Advised-Funds (DAFs):
We provide guidance on the use and management of DAFs, a popular and tax-efficient tool that allows you to make a charitable contribution, receive an immediate tax deduction, and recommend grants to charities over time.
Private Foundations:
For clients with significant assets and a desire for more control, we offer guidance on establishing a private foundation. We assist in identifing service providers for administering a private foundation, including governance and compliance.
Supporting Organizations (SOs):
SOs are a type of public charity that allows for a governance structure and focused mission similar to that of Private Foundations, but grants the maximum tax benefits available to public charities.
Charitable Trusts:
Naviter Wealth can help you understand and use various financial instruments like charitable remainder trusts and charitable lead trusts, which can provide a secure income stream while also supporting charitable causes and offering tax advantages.
Expansive Support
Managing Complex Assets
Naviter Wealth is equipped to handle the donation of complex assets like real estate, privately held business interests, and other appreciated assets, which can be a highly tax-efficient way to give.
Investment Management:
We help manage the assets within your charitable accounts, such as DAFs and foundations, with the goal of growing the endowment to support your mission and values over the long term. In most cases, we are able to invest in private assets that may provide higher returns, thereby increasing the impact of your giving.
Peer Collaboration:
We can facilitate introductions to like-minded philanthropists, allowing you to collaborate and share insights on
your charitable endeavors. Our extensive network of professionals ensures you receive holistic, integrated advice
Resources to Evaluate Charitable Organizations
| Name | Website | Short Description |
|---|---|---|
| Charity Navigator | charitynavigator.org | Assesses charities based on a rating system that considers financial health, accountability, and transparency. |
| Candid (formerly GuideStar) | candid.org | A large database of nonprofits that provides detailed profiles with financial data, programs, and mission statements. |
| GiveWell | givewell.org | An organization that conducts in-depth research to find and recommend a small number of charities with proven, high-impact programs. |
| BBB Wise Giving Alliance | give.org | Evaluates charities against 20 comprehensive standards for accountability, covering governance, finances, and transparency. |
| ProPublica's Nonprofit Explorer | projects.propublica.org/nonprofits | A public database that allows users to browse and search millions of IRS Form 990 tax returns from tax-exempt organizations. |
