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Money to Give

Money to Give

De : Rick Peck
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 I'm Rick Peck, also known as "The Philanthropy Guy.” Let's talk about: 1) How nonprofits can most effectively showcase their mission and vision; 2) How donors and potential donors can make the greatest impact possible in the world; and 3) how professional advisors, including philanthropic advisors, can offer the most up-to-date information and services to their clients. After spending almost 20 years in the charitable giving world, I realized it's time to help more nonprofits thrive rather than just survive, while also helping those who have MONEY TO GIVE find top organizations that are deserving of their donations. So join us here for more of that giving feeling!2023 The Philanthropy Guy LLC Economie Management Management et direction
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    • (Part 3 of 3) Turning Taxes into Purpose: Randy Fox Breaks Down Charitable Lead Annuity Trusts

      (Part 3 of 3) Turning Taxes into Purpose: Randy Fox Breaks Down Charitable Lead Annuity Trusts
      Oct 30 2025
      In this episode of Money to Give, Rick Peck welcomes back Randy Fox, founder of Two Hawks Family Office Services and a nationally recognized expert in charitable estate and trust planning. Together, they unpack a highly sophisticated yet underutilized planning strategy — the Balloon Charitable Lead Annuity Trust (CLAT), also known as the Shark Fin CLAT. Randy explains how this specialized trust structure reverses the more familiar charitable remainder trust model — allowing donors to give income to charity for a set period, while the remaining assets eventually pass to family members. He demystifies how the balloon structure works, why it can be paired effectively with life insurance, and how it offers both income tax deductions and long-term family benefits. With clarity and humor, Randy walks through examples showing how donors can turn liquidity events — such as a business sale or large stock payout — into meaningful charitable impact while transferring wealth to the next generation tax-efficiently. Rick and Randy also explore why CLATs, despite their power and flexibility, remain so underutilized, and how greater awareness among advisors could change that. The conversation explores: What a Charitable Lead Annuity Trust (CLAT) is — and how it differs from a charitable remainder trust How “Balloon” or “Shark Fin” CLATs work, with charitable payments deferred until later years How CLATs can offset large income events and generate 100% charitable income tax deductions Why CLATs are ideal for high-income individuals, business owners, or families experiencing liquidity events About the Guest Randy Fox is the founder of Two Hawks Family Office Services, a leading advisory firm specializing in advanced estate, tax, and charitable planning. With nearly four decades of experience, Randy is widely respected for helping families and philanthropists transform complex financial strategies into vehicles for purpose and legacy. His expertise bridges the gap between wealth transfer and philanthropy, making him a trusted educator and innovator in the field. 📧 Contact Randy: randy@twohawksfos.com 🌐 Learn more: www.twoharksfos.com Key Takeaways A Balloon or Shark Fin CLAT allows donors to defer charitable payments, enabling assets to grow and maximize both tax savings and family legacy. These trusts can generate substantial income tax deductions — often up to 100% of the contribution amount — while keeping assets working for both charity and heirs. CLATs are most effective for donors with major income or liquidity events, such as a business sale or large bonus. Proper structuring, timing, and appraisals are essential — these complex tools require experienced advisors to ensure compliance. CLATs are powerful yet underused; as Randy notes, they deserve far greater attention from advisors and philanthropically minded clients alike. Subscribe to the Charitable Giving News for You newsletter for more stories, resources, and tips: Subscribe to Charitable Giving News for You.
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      30 min
    • (Part 2 of 3) Unlocking the Power of Personal Goodwill: Randy Fox on Turning Hidden Assets into Lasting Generosity

      (Part 2 of 3) Unlocking the Power of Personal Goodwill: Randy Fox on Turning Hidden Assets into Lasting Generosity
      Oct 23 2025
      In this insightful episode of Money to Give, Rick Peck welcomes back Randy Fox, founder of Two Hawks Family Office Services and a leading voice in charitable estate planning. Together, they explore an often-overlooked concept that can have major implications for business owners and philanthropists alike — personal goodwill. Randy explains the difference between enterprise goodwill (the reputation and systems tied to a business itself) and personal goodwill (the value that comes from an individual’s reputation, relationships, and expertise). He illustrates how, in many closely held businesses, personal goodwill represents an asset of significant — yet frequently unrecognized — value. The conversation dives deep into how identifying and valuing personal goodwill can unlock powerful charitable planning opportunities. Randy and Rick discuss how, by separating this goodwill from other business assets during a sale, owners can potentially avoid capital gains, claim charitable deductions, and even fund tools like donor-advised funds, charitable remainder trusts, or pooled income funds. Throughout the discussion, Randy highlights real-world examples and emphasizes that understanding goodwill isn’t just an accounting concept — it’s a pathway to aligning business success with philanthropic purpose. The conversation explores: The distinction between enterprise goodwill and personal goodwill How business owners can identify and appraise their personal goodwill Why goodwill can be treated as a capital asset — and its tax implications How to donate personal goodwill to charitable vehicles like donor-advised funds, CRTs, or pooled income funds About the Guest Randy Fox is the founder of Two Hawks Family Office Services, a nationally recognized expert in advanced estate, tax, and charitable planning. With nearly four decades of experience, he advises families, entrepreneurs, and philanthropists on how to structure gifts that maximize both impact and efficiency. Randy is known for translating complex financial strategies into meaningful acts of generosity that benefit donors and the causes they care about. Contact Randy: randy@twohawksfos.com Learn more: www.twohawksfos.com Key Takeaways: Personal goodwill is the value tied to your reputation, relationships, and expertise — and it can often be separated from your business in a sale. This intangible asset can be donated to charitable vehicles to avoid capital gains and create lasting philanthropic impact. Transactions must be carefully structured — ideally before signing a binding letter of intent. Proper valuation is critical; use qualified appraisers familiar with goodwill assessments. Strategic planning can turn business success into ongoing charitable influence while optimizing tax outcomes. Subscribe to the Charitable Giving News for You newsletter for more stories, resources, and tips: Subscribe to Charitable Giving News for You.
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      29 min
    • (Part 1 of 3) Giving That Grows: Randy Fox on Modern Approaches to Pooled Income Funds

      (Part 1 of 3) Giving That Grows: Randy Fox on Modern Approaches to Pooled Income Funds
      Oct 16 2025
      In this episode of Money to Give, Rick Peck sits down with Randy Fox, founder of Two Hawks Family Office Services and a nationally recognized expert in charitable estate planning. Together, they unpack one of the most versatile yet underutilized tools in philanthropy: the pooled income fund. Randy explains how pooled income funds — often overshadowed by charitable remainder trusts and gift annuities — can provide donors with lifetime income, flexible investment options, and significant tax advantages, all while creating long-term charitable impact. The conversation explores: What pooled income funds are and how they differ from charitable remainder trusts (CRTs) and charitable gift annuities (CGAs) How both major universities and community foundations use these funds to support their missions Why modern “donor- and advisor-friendly” pooled income funds are making a comeback The flexibility to accept a wide range of assets — from real estate and closely held business interests to cryptocurrency Innovative structures like Randy’s “Preferred Pooled Income Fund,” which combine charitable giving with advanced estate planning strategies Randy also shares how younger donors and multi-generational families can use these funds to align income, impact, and legacy in a single strategy. About the Guest: Randy Fox is the founder of Two Hawks Family Office Services, a leading advisor in advanced estate, tax, and charitable planning. With decades of experience helping families and philanthropists design meaningful giving strategies, Randy is known for blending technical expertise with a deep commitment to purposeful legacy building. Contact Randy: randy@twohawksfos.comLearn more: www.twoharksfos.com Key Takeaways: Pooled income funds are flexible tools that provide lifetime income and charitable impact without the rigid rules of CRTs. Donors of any age can participate, making them ideal for multi-generational legacy planning. They can accept complex assets — from real estate to private stock to digital currency. Modern pooled funds allow donors and advisors greater choice in investment management and charitable beneficiaries. Creativity matters — as Randy shows through innovations like the “Preferred Pooled Income Fund,” philanthropy continues to evolve with donor needs. Subscribe to the Charitable Giving News for You newsletter for more stories, resources, and tips: ⁠Subscribe to Charitable Giving News for You⁠.
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      30 min
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