Through 2045, $30 to $68 trillion in wealth is expected to be transferred in the United States, with an estimated $11.9 trillion projected to be donated to charities (Giving USA 2024 report). Learn how you can create a meaningful legacy through charitable giving by incorporating philanthropy into your estate plan.
Charitable legacy: Leveraging charitable giving in your estate plan
As you create your charitable legacy, a thoughtful ongoing approach is key to maximizing impact. Read about five best practices here.
While they differ in structure and timing of distributions, charitable lead and charitable remainder trusts are both powerful, irrevocable giving strategies that enable donors to support charitable causes and individual beneficiaries, while potentially reducing income, gift, and estate taxes.
A donor-advised fund allows you to involve your family and children during your lifetime and ensure the giving tradition continues. A Fidelity Charitable Giving Account can help you seamlessly carry on your legacy.
Already have a Giving Account? Here are some other useful resources:
Nominating a successor(s) is the simplest way to continue the legacy of your Giving Account after your passing. An individual, a charity, or a combination of both can be nominated as a successor for your Giving Account.
By naming Fidelity Charitable in your will or as a beneficiary to a qualified insurance policy, retirement plan, or charitable trust, you can extend your support of the charities you love.
The Endowed Giving Program allows you to set up recurring grant recommendations for up to ten charities for a minimum of five years, even after you’re gone.
Are you someone with the capacity to give in ways that can transform the causes you care about? The Private Donor Group at Fidelity Charitable helps you maximize your philanthropic impact now, making a positive difference in the world today and enhancing your legacy for the future.
Ready to get started?
Opening a Giving Account is fast and easy, and there is no minimum initial contribution.
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