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Tax Return Reviews Help Clients Level Up Charitable Giving Plans

Tax time has its silver linings! Going over a tax return with a client helps start a productive conversation about ways to plan gifts to charity more effectively. Now that you have completed 2023 tax returns, consider discussing with your clients whether their charitable gifts in the last year were made with cash or with other assets and then steer the conversation toward discussing the most effective assets to give to charity during 2024 and beyond.

Get a jump start on planning for 2024 taxes! Consider our three-point checklist as you advise your clients about the range of charitable giving options available to them over the next year:

Remind clients that cash is not king when it comes to charitable giving.

Cash is typically not the most tax-effective form of charitable giving. Instead, encourage clients to consider giving highly-appreciated assets, including publicly-traded stock, to their fund at Brooklyn Org to support their favorite charities.

Think even beyond stock.

Encourage clients to explore not only highly-appreciated stock as a potential gift to charity, but also the various forms of “noncash” assets that can make great charitable gifts. After all, American households’ most valuable assets are retirement accounts and personal residences, not cash. Examples of assets that could be excellent charitable gifts depending on the client’s circumstances include gifts of real estate, closely-held stock, collectibles, and, for clients who are age 70 ½ and older, direct transfers from an IRA (known as a Qualified Charitable Distribution) to a field-of-interest or unrestricted fund at Brooklyn Org.

Make it easy on yourself and your client.

Reach out to the team at Brooklyn Org for assistance! We are happy to help you and your client evaluate the best assets to give to a DAF or other type of fund at Brooklyn Org to achieve the client’s charitable goals for the next tax year.


Opening up the full range of charitable giving options for a client can help you structure a holistic estate and financial plan that meets the client’s objectives for family wealth, philanthropy, and tax effectiveness. Reach out anytime to our team at Brooklyn Org to discuss giving techniques and strategies.

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The team at Brooklyn Org is a resource and sounding board as you serve your philanthropic clients. We understand the charitable side of the equation and are happy to serve as a secondary source as you manage the primary relationship with your clients. This newsletter is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.

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