When most people think about the legacy they want to leave, the focus naturally turns to family, financial success, and long-term security. But for many families, legacy also includes something deeper — a desire to give back.
Charitable gifting is a way to align your wealth with your values. It allows you to support the causes and communities that matter most while building a thoughtful, tax-efficient strategy for your broader financial plan.
At 1900 Wealth, we regularly help families explore two primary approaches to structured charitable giving: Donor-Advised Funds and Private Family Foundations.
Donor-Advised Funds: Simple, Flexible, and Impactful
A Donor-Advised Fund (DAF) is one of the most straightforward tools available for philanthropy. You contribute assets to the fund, receive an immediate tax deduction, and recommend grants to your preferred charities whenever you choose. Because administration and reporting are handled by the sponsoring organization, DAFs offer a practical and low-maintenance way to create consistent giving over time.
DAFs work especially well for families who want:
- A simple, streamlined giving structure
- Flexibility in the timing of contributions and grants
- Potential tax advantages the moment contributions are made
Private Family Foundations: Control, Legacy, and Long-Term Vision
For families who want a more hands-on role in their philanthropy, a Private Family Foundation offers a greater level of control. Foundations can support multi-year initiatives, establish charitable programs, and involve future generations in decision-making. They also allow for more customized governance, including the ability to employ family members in foundation operations.
However, this added flexibility comes with additional responsibilities. Foundations require:
- Legal formation and incorporation
- Annual filings
- Board oversight and documented governance
For families with significant assets earmarked for long-term giving, a foundation can become a meaningful part of their legacy.
The Most Effective Giving Is Intentional
Regardless of the structure you choose, charitable gifting works best when it fits within a broader wealth strategy — one that balances generosity, tax efficiency, and long-term impact.
At 1900 Wealth, we partner with your legal and accounting advisors to design a personalized charitable plan that supports your philanthropic goals while preserving your financial security.
A Legacy Defined Not Only by What You Build — But by What You Give
Your legacy is more than the wealth you accumulate. It is the difference you make and the impact your generosity leaves for future generations.
If philanthropy is part of your long-term vision, we can help you build a gifting strategy that reflects your values today and creates meaningful benefits tomorrow.
To speak with one of our advisors, call (210) 736-7770.
