Only a life lived for others is a life worthwhile
- Albert Einstein
Donation through Your Wealth Portfolio
Your generous heart and passion to help those coming behind you is truly inspiring. Thank you in advance for considering the options you have to donate from your wealth portfolio.
Introduction
Quality Champions for Life would like to introduce you to our trusted Wealth Management Partner, Nick Groman, from Concentric Wealth Management. Nick has supported Quality Champions since our inception and is so generous with his time, ideas and enthusiasm. We are grateful for the care he has given us as we delve into the world of charitable donations, and we are constantly pleased with the individualized attention he gives each of our donors.
Nicholas R. Groman
Esq., CPA, MBA
Senior Wealth Advisor
Concentric Wealth Management
Direct: 513-338-0078
ngroman@burkecpa.com
First Steps?
If you know what you would like to donate, then please contact Nick to discuss the donation process and your desired timing. He is happy to work directly with you, or your wealth management team, whichever you prefer.
If you are unsure of what you are able to donate, how to facilitate the donation, or have other questions, Nick would be happy to have that discussion with you.
Donation Possibilities?
Wealth Management portfolios span a wide range of variables and complexities. Sometimes, individuals are unsure of what can be donated, or which donation can lead to the greatest benefit. Your wealth manager can help guide you in this process, or our wealth management partner, Nick Groman, can help answer your questions.
Ideas for what can be donated from a wealth portfolio include the following, but each has varying tax implications/benefits for you and the recipient, and should be understood:
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Donating appreciated securities, including stocks or bonds, can be coordinated through our wealth advisor.
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Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property is an option that many people have not realized is possible.
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Donating part or all of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an option our donors have chosen. Also, consider donating your Required Minimum Distribution (RMD) instead of paying taxes on it, or donating a life insurance policy.
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Consider naming “Quality Champions for Life” as a beneficiary in your will and/or on your life insurance policy.
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A gift of cash can be managed through our wealth advisor, sending a check, or donating through your credit card.
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A gift of mineral interests (oil, gas, gold, silver, or other precious metals) can be arranged through our wealth manager, in much the same way you donate and sell stock.
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As a business owner, you have the opportunity to develop a charitable giving strategy of corporate stock or assets, as well as establish trusts (such as a Charitable Remainder Unitrust - CRUT).
Other Donation Options: Donations can be given in multiple ways, as provided on our Donation Page. These ways include, but are not limited to:
Corporate Matching: If you feel corporate matching might be a possibility, please contact us to discuss this option.
For your tax planning purposes, Quality Champions for Life is an IRS designated 501(c)(3) organization (EIN: 93-3568865). You may download our IRS 501(c)(3) designation letter if needed: IRS Designation Letter.
Thank you so much for your generosity, and please let us know if you have any questions by contacting us today: Contact Us