By Ashley Coldiron, Chief Development Officer
As an attorney, CPA, or financial advisor, you probably work with several clients who own a family business. You’ve likely also considered the role of strategic philanthropy in family business succession planning to help clients get ready for an eventual exit. So how does strategic philanthropy actually play out with a real client?
Consider Mark and Elaine, long-time owners exploring a future sale. Financial projections confirm a liquidity event would meet lifetime needs. The deeper questions are relational and reputational: What happens to the family’s identity? How will their children remain aligned?
An intentional charitable strategy can provide a bridge.
By contributing a portion of closely held shares to a donor-advised fund before a binding sale, clients may receive a fair market value income tax deduction (subject to AGI limits), and the fund’s share of sale proceeds can avoid capital gains tax.
Equally important, establishing the fund before a transaction creates space to define mission, governance, and next-generation engagement while the business is still operating. Philanthropy becomes a unifying platform—preserving values and strengthening family collaboration.
Our team can facilitate family meetings, provide community insight, and support multigenerational grantmaking—working alongside you as the lead advisor.
A business sale need not signal an ending. With thoughtful planning, it can mark a pivot toward enduring legacy and community impact.
Thank you for the privilege of partnership. Reach out to our team anytime. We are here to help you serve your charitable clients at every stage.
