Most wealthy Americans have not typically made philanthropy a major part of their lives for one of three main reasons. Many do not consider themselves wealthy enough to give a major portion of their wealth away to charity. Others are not interested in reducing their current lifestyle. Most frequently, they do not want to diminish their children’s inheritances. Fortunately, Congress has provided significant planning opportunities to provide for charitable giving. Properly structured, the tax benefits alone can produce increased cash flow for our clients, create diversification opportunities, reduce income and estate taxes and greatly enhance the children’s inheritances. In fact, your family can actually profit by giving it away. The charitable giving can then be channeled into your favorite endowments or used to create your family foundation, a memorable legacy you leave behind.