Philanthropy

Substantial wealth can bring the opportunity for increased philanthropy. With your financial resources, philanthropy can be a rewarding expression of your personal values, to further causes that are important to you, and to contribute to your community for future generations. Active philanthropy can be a way to engage your children in the perpetuation of your legacy. In addition, there are potential tax-saving opportunities attached to philanthropy.

What are your philanthropic objectives? At Hawthorn, we will work closely with you to evaluate and understand your objectives and help you to identify the strategies that are most appropriate for you in your philanthropic program. With the assistance of your advisors, you can develop a multigenerational plan that meets your philanthropic objectives and establishes your legacy.

Private Foundation
From the nonlegal aspects of foundation startup to facilitating the distribution process, Hawthorn can provide the level of support necessary to help you to ensure your charitable legacy. Perhaps, as part of your philanthropic program, your goal is to establish a private family foundation. Private foundations represent an excellent opportunity to communicate your philanthropic goals. Working with your legal counsel and Hawthorn advisor, you decide your desired level of involvement in a private foundation.

Charitable Trusts
Through a Charitable Remainder Trust, you may make a substantial gift to charitable organizations of your choice, organizations that mesh with your philanthropic program. Simultaneously, Charitable Remainder Trusts enable you to save on taxes, a benefit for your family. Your Hawthorn advisor can discuss the immediate income tax deductions that may be available to you through Charitable Remainder Trusts, as well as options to reduce future estate taxes. You also should consult with your legal and tax advisors to determine if a Charitable Remainder Trust is the right estate planning vehicle for you.

Family Legacy
You are at a crucial and exciting point in your life, the crossroads where life intersects wealth. Legacy planning may be the next step for you. Your Hawthorn Advisor can counsel you on the necessary components of legacy planning so that you can make better, more informed choices regarding your wealth management alternatives. We will concentrate on what you value before focusing on what you own. Hawthorn is committed to making the most of The PNC Financial Group resources that are available to you - financial, intellectual, and social, all combining to align your philanthropic objectives accordingly.