NxGen Wealth Report
Is A Private Charity Right For You?
You are an elderly person with a very large estate and want to avoid the estate tax.
You have identified a charitable need you would like to support, but your due diligence reveals an absence of reliable controls. You could make a real difference if, somehow, you could be sure your contributions would be used judiciously in order to effect the needed
You have been involved with various donor advised funds and wish you could have greater control over the investment side of
the fund. There are some special investment opportunities that are of an intimate nature to you that you would like to capitalize with your donor advised fund. The directors of the charity do not agree with your investment suggestions.
the fund. There are some special investment opportunities that are of an intimate nature to you that you would like to capitalize with your donor advised fund. The directors of the charity do not agree with your investment suggestions.
You are in the later years of your earning career, painfully aware that now is the time to commit as much as possible to your
retirement. You are frustrated by the counter-productive limitations associated with traditional retirement accounts.
retirement. You are frustrated by the counter-productive limitations associated with traditional retirement accounts.
You want to structure an estate plan that is powerful but flexible enough for you to make significant changes on the fly. You’ve been frustrated by the rigid nature of estate planning.
You want to reduce your income taxes
You are concerned about what you see on the political horizon. Looks like overly aggressive taxation to facilitate redistribution of your wealth. You find this concept troubling and seek out the legal, transparent, safe harbor.
You have seriously considered the possibility of your own private foundation and have been advised that the chapter 42 compliance issues would seriously compromise your philanthropic aspirations.
You are driven by a philanthropic passion. Your past efforts lacked the satisfaction only possible with the privilege of personal involvement and control when committing your personal resources.
You have assets that need protection — a secure harbor -- transparent, yet strong enough to withstand aggressive attacks from
former business associates, ex-wives, or disaffected children.
former business associates, ex-wives, or disaffected children.
Guidance and Direction
1. Vision – We work with you to identify your charitable vision, aspirations, passions, goals and commitments.
2. Inventory – We help you inventory your resources and determine which assets are to be committed to your charitable passion.
3. Mission – We author the mission, objectives and purpose of your personal private charity. It is important for you to completely embrace the core values of your private charity.
4. Structure – We work with your legal and financial advisors to craft the specific charity structure using unique powerful tools
designed to provide you with a very strong private charity platform.
designed to provide you with a very strong private charity platform.
5. Implementation – We implement the plan to create and launch your private charity. Typically the legal work will be the responsibility of your personal attorney.
6. Review and Approval – We review your private charity structure and plan with your legal and financial advisors to secure their
approval and endorsement.
approval and endorsement.
7. Funding – We provide the methods of funding your private charity looking to fully deductible charitable contributions and income shifting opportunities.
8. Management – We assist in the day-to-day management of your private charity. Of course you are completely in control of every aspect of your private charity.
Costs
Planning and Setup – You need to plan on spending between $10,000 to $30,000 to have a private charity established. Fees are
based on the number of meetings and hours required to accomplish what is necessary to craft your private charity plan and the type
of charity tools used.
based on the number of meetings and hours required to accomplish what is necessary to craft your private charity plan and the type
of charity tools used.
Fund Raising – Typical fund raising costs run between 10% to as high as 25% of the funds being raised. Fund raising costs are
offset by the charitable contribution deduction given to the donor.
offset by the charitable contribution deduction given to the donor.
Trustee or Director Certification – If trustee or director certification is needed, plan on $3,000 to $5,000 and several months of
study. Arrangements can be made to have a group of your staff become certified with a special group rate.
study. Arrangements can be made to have a group of your staff become certified with a special group rate.
Management – You pay as you go for the services you need. The range of services and scope of work is difficult to gauge without
knowing the particulars of the project
knowing the particulars of the project
Transparent Asset Protection
No Secrecy or Hidden Assets
Accomplishing Your Social Passion
Creating a Timeless Family Legacy
Managing Your Significant Estate
Complete Control of Your Wealth
Wise Deployment of Your Social Dollars
Productive and Effective Social Investing
Flexible and Focused Estate Plannin
A Significant Life is a
Life of Compassion
NxGen Charitable Systems
Our "road maps" are unique and powerful, providing an unusual opportunity to really be effective in the accomplishment of personal charitable goals and maximum social-impact.
Philanthropic Solutions
Transparent Asset Protection
No Secrecy or Hidden Assets
Accomplishing Your Social Passion
Creating a Timeless Family Legacy
Managing Your Significant Estate
Complete Control of Your Wealth
Wise Deployment of Your Social Dollars
Productive and Effective Social Investing
Flexible and Focused Estate Planning
No Secrecy or Hidden Assets
Accomplishing Your Social Passion
Creating a Timeless Family Legacy
Managing Your Significant Estate
Complete Control of Your Wealth
Wise Deployment of Your Social Dollars
Productive and Effective Social Investing
Flexible and Focused Estate Planning
Philanthropic & Humanitarian Solutions
The International Charity
- A captive, or private charity that provides an effective and beneficial solution for HNW individuals, family offices, private foundations, public charities or business owners seeking impact investments, social ventures; or, personal humanitarian dreams
- A unique tool to powerfully accomplish personal charitable goals and maximum social-impact
- The optimum charitable platform for those with substantial endowments and wanting more choice and control
- Different from the typical and most common structures here in the United States
Fiscal Sponsorship
- NxGen's brand of philanthropy and fiscal sponsorship is an efficient way for our 'public charity' and private capital partners to expand and intensify their social impact.
- NxGen Capital or Fiscal-Sponsorship facilitates and stimulates the capital flow between those capitalists, philanthropists, corporate sponsors and grant sources that have traditionally fueled creativity and innovation.
Project Funding Investments, Loans and Grants
- NxGen's capital or fiscal-sponsorship facilitates and stimulates the capital flow between those capitalists, philanthropists, corporate sponsors and grant sources that have traditionally fueled creativity and innovation.
- Through our fiscal sponsorship of 'qualified projects', NxGen is able to fund projects that are aligned with NxGen's core values and mission.
Who We Serve
NxGen Wealth Management advises individuals, families and business owners in customizing a NxGen Philanthropic platform to leverage the original concepts of ‘giving’ into customized strategies for individuals, entrepreneurs, new startups or even established businesses. Philanthropic strategies that integrate philanthropy into a business model in the earliest or most advanced stage of operations.
Individuals & FamiliesPhilanthropists and Humanitarians wanting maximum choice & control.
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Financial InstitutionsMission accountability & Project reporting when funds are leveraged.
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Professional AdvisorsFinancial-Tax-Estate Planning support when a charitable solution is needed.
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Social EntrepreneursFiscal Sponsorship-Project Funding and Re-purposing of corporate assets.
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Tools and Resources
Download the 'NxGen Philanthropy Guide and learn more about :
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