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HOME  >  DONORS & ADVISORS  >  YOUR GOALS Your Goals: Tax Planning and Charitable Your goals. Our goals. There are key times in every person's life when giving may be appropriate: marriage, job promotion, a child's birth, graduation, and retirement. And in each life season, you will likely have unique charitable goals. Our staff will work with you and your professional advisor to develop the best charitable solutions for your personal situation by taking into account your charitable and tax interests. Here are just a few common goals and some examples that demonstrate the strategies and benefits by incorporating your charitable and tax planning goals. Begin year-end tax planning You just earned a sizable bonus and want to give a portion back to the community, but have no time to decide on the most deserving charities. Make a gift to the Asian Pacific Fund Annual Campaign. Our Board and professional staff will work together to ensure your gift provides grants and services to the organizations working to benefit the Asian community in the Bay Area. Or establish a Charitable Fund with us and recommend grants to charity in the future - on your own timetable. Either way, you receive an immediate tax deduction. Wealth Preservation Your financial planner explains that based on your net worth, your estate will be faced with paying significant taxes to the IRS. You would prefer to pass more money on to your family and to specific charities that you care about while creating a legacy for yourself and your family. The Asian Pacific Fund can work with you and your professional advisor to reduce your taxable estate through a charitable bequest. The amount you leave to charity reduces the size of your estate and reduces your estate's exposure to estate taxes. Your gift can be used to create a named Endowed Fund to honor you or your family name, and will produce perpetual gifts for the community that stay true to your charitable intent. Receive income or provide income for a loved one You have always given to charity and would like to give more, but are concerned about running out of money during your lifetime. Establish a Charitable Trust at the Asian Pacific Fund that pays you income for life. If you do not need the additional income, designate your parents or other loved ones as the income beneficiaries. Eventually, the Asian Pacific Fund will distribute the trust remainder in accordance with your guidance to the specific charities you designate. Liquidate an appreciated asset without paying capital gains You deeply appreciate the education you received and friendships you developed during college. You are thinking about making a gift to your alma mater. By contributing highly appreciated assets like stock or real estate, you are able to make a larger gift because gifts of appreciated assets may be made without having to pay capital gains. The Asian Pacific Fund can help you establish an Endowed Fund for your alma mater, or a Scholarship Fund to benefit the students or fields of study that you care about most. Diversify your assets and reduce your exposure to market risks Your wealth is concentrated in one or two highly appreciated assets like several rental income properties that you have owned for many years. You would like to diversify your portfolio to increase cash flow and reduce your exposure to market risks, but are reluctant to sell the appreciated assets because of the capital gains involved. If you could free up some capital, you would be interested in beginning a philanthropic program overseas or one locally here in the Bay Area. The program you have in mind does not exist, and the existing charities that provide similar services are too small to accept direct stock gifts or gifts of real property. Sell one appreciated property and offset the capital gains by using the other to fund a Charitable Trust at the Asian Pacific Fund. You receive a tax deduction on the full market value of the property contributed to the trust, and avoid capital gains that would otherwise arise from the sale of property. The trust will sell the property, reinvest the proceeds under professional management, and pay you income for life. Upon your passing, the trust remainder will be used to create an Endowed Fund that finances the philanthropic program you have always dreamed about.

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