Companies led by entrepreneurs allocate more than twice the percentage of profits to charity than many of their larger corporate counterparts. A well planned charitable giving strategy redirects resources these owners would otherwise pay to the government to create philanthropic capital. In other words, charitable giving can create an enhancement of business value as well as bolster employee skills, retention and respect/pride for the company. So why is “Philanthropic ROI” not discussed more by the advisors to business owners?
Because most of American businesses are owned by baby boomers who are at or near retirement age, many are looking for a life of significance post-exit. Beyond the business bottom line, there are tremendous personal advantages, which not only allow owners to accomplish their charitable objectives, but also benefit from the reduction of taxes and help the owners emotionally prepare for life beyond the business.
Learn how to help your business owner clients take charge of their planning in a way that will allow them to increase current business value as well as better prepare them to transition into a legacy beyond the business that will allow them to remain a lifelong leader.
- Recognize the importance of charitable planning with business owners
- Describe the charitable gifting techniques that drive value to business owners
- Contrast tax advantages and disadvantages associated to gifts
About the EPI Summit Expert Insight Series:
Every year, the EPI community gathers the top 200+ advisors from across the industry (and the world) at the Exit Planning Summit. A major part of the Summit experience and value is that EPI has built a strong, collaborative network of solution providers specifically geared toward supporting advisors like you in changing the outcome for exiting middle market business owners.
This annual broadcast series offers attendees relevant introductory educational topics presented by esteemed experts a part of the Exit Solutions Partner Network. You will have an opportunity to ask questions, connect with the presenter, and continue the conversation both during and post-broadcast. For questions about this specialty topic, the presenting firm, or the Exit Planning Summit, please contact Josh Koza at JKoza@Exit-Planning-Institute.org.