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September 2012 » Helping Clients Give with Their...
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Eileen R. Heisman
Once a tool primarily for the very wealthy, philanthropy is now becoming an integral part of strategic estate and financial planning. Nearly 90% of American households give an average of 3.2% of their incomes to charity. In 2010, gifts from individuals represented 81% of all charitable giving—and a large portion of significant giving—and many of those individuals were assisted by CPAs (Giving USA 2010 Report, Center on Philanthropy at Indiana University, June 2011, http://www.philanthropy.iupui.edu/news/2011/06/pr-GUSA.aspx). As philanthropic acts increase, it is important for CPAs to understand available giving vehicles related to estate planning.
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