The Informed Investor

What Is Philanthropic Planning and How Does It Benefit You

January 11, 2022

When you can leave a meaningful legacy and make smart decisions to help you meet your personal wealth management goals, it’s a win-win situation. Philanthropic planning is a valuable tool in financial planning because it helps our clients achieve both.


Philanthropic Planning and Tax Planning: Taking Control of Your Legacy

There are many strategies to consider when it comes to tax and estate planning, and an increasing number of families are looking to philanthropic planning as a means of taking control of their personal and financial legacy. While many think of tax planning as minimizing their income and estate tax burden, when you add philanthropy to the equation, you are giving yourself the power to choose the impact your wealth makes on the world.

Philanthropic planning allows you to ensure that your legacy aligns with your values, and that the charities that matter to you have the funding they need to carry out their mission. Families that are making sizable donations to causes they care about can collaborate closely with charities and foundations to carry out their wishes, or they may even choose to establish their own charitable foundations or non-profit organization as part of their philanthropic planning to truly create a lasting legacy.


Financial Advisors and Philanthropic Planning

Philanthropic planning requires the guidance of skilled financial advisors, legal and accounting professionals with experience in charitable gifting. It is simply not enough to stipulate that X charity gets Y amount of dollars; due diligence should be done and a strong relationship must be formed with the charities in question to ensure that funds are being used as intended. Anyone can plan to give away money, but it takes experience and knowledge to do so with intention.

When working with our clients on philanthropic planning, the first objective is to get to know you and your family. What are your values? What would you like to achieve with your gift giving? What types of non-profit organizations are your priority? How involved do you wish to be with the charities you’re donating to, and how much control do you want to have over how your gifts are being spent? Will your family be involved? What do you want your legacy to be?

Next, we’ll pivot to discussing your immediate financial planning needs. Philanthropic planning is typically a collaborative effort between you, your financial advisor, accountant, and attorney; together, we will strategize how to maximize benefit to your chosen charities and your beneficiaries, all while leaving you in a comfortable place financially with a minimal tax burden.

Finally, we develop a strategy tailored to your needs: how can your philanthropic giving help you achieve your charitable goals and your financial goals?


Learn More About Our Financial Services

If you have $3 million or more in investable assets and would like to learn more about our financial services, our investment advisors are here to help. ICC provides clear and unbiased guidance for its clients, backed by a team of experienced fiduciary, financial experts. Contact us today at 702-871-8510 to learn how our team can help you.



The Investment Counsel Company of Nevada (“Company”) is an SEC registered investment adviser located in Las Vegas, Nevada. Company may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Company’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Company’s web site on the Internet should not be construed by any consumer and/or prospective client as Company’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Company with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of Company’s current written disclosure Brochure discussing Company’s business operations, services, and fees is available from Company upon written request. Company does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Company web site or incorporated herein, and takes no responsibility, therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Company), will be profitable or equal any historical performance level(s).

Certain portions of Company’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Company (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Company, or from any other investment professional. Company is neither an attorney nor an accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice.

Please Note: Limitations: Neither rankings and/or recognition by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Investment Counsel Company is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see below as to participation data/criteria, to the extent applicable). Unless expressly indicated to the contrary, Investment Counsel Company did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of Investment Counsel Company by any of its clients.

ANY QUESTIONS: ICC’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking. Please review Important Disclosure Information set forth in the last section of this website.