Épisodes

  • (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.
    Afficher plus Afficher moins
    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.
    Afficher plus Afficher moins
    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.
    Afficher plus Afficher moins
    30 min
  • Global Citizenship in Action: Kimberly Haley-Coleman on How Service Abroad Transforms Both the Giver and the Community

    Global Citizenship in Action: Kimberly Haley-Coleman on How Service Abroad Transforms Both the Giver and the Community
    Oct 9 2025
    In this episode of Money to Give, Rick Peck sits down with Kimberly Haley-Coleman, Founder and CEO of Globe Aware, to explore how meaningful service abroad can become a powerful expression of philanthropy. Together, they unpack what it means to give not only your resources, but your time, heart, and skills to make a tangible difference in communities around the world. Kimberly shares stories from 25 years of leading Globe Aware’s international service programs—where volunteers help install clean cooking stoves in Peru, build classrooms in Cambodia, and construct wheelchair ramps for those in need. These short-term, high-impact experiences allow busy professionals and families to engage directly with local communities and see their contributions come to life. The conversation also explores: How employers are supporting service abroad through volunteer paydays and matching gifts How donor-advised funds and charitable foundations can fund volunteer experiences The importance of cultural awareness and working side-by-side with local leaders Why short-term volunteer trips can spark lifelong global connection and empathy By the end, listeners are invited to see giving as a holistic act — one that blends purpose, adventure, and compassion across borders. About the Guest: Kimberly Haley-Coleman is the Founder and CEO of Globe Aware, a nonprofit organization offering sustainable, short-term volunteer programs in 26 countries worldwide. A passionate advocate for cultural understanding and service learning, Kimberly helps individuals and corporations turn their desire to give back into real-world impact. Learn more: www.globeaware.org Follow Globe Aware on Facebook, Instagram, and YouTube. Key Takeaways: Philanthropy is more than money — it’s about giving time, talent, and compassion where it’s needed most. Employers play a growing role in global service by offering volunteer benefits and donation matches. Every project counts — from building stoves to teaching skills, volunteers can create lasting, visible change in one week. Cultural humility matters — the most meaningful giving comes from partnership, not prescription. Service transforms both sides — volunteers return home with renewed gratitude, clarity, and purpose. Subscribe to the Charitable Giving News for You newsletter for more stories, resources, and tips: Subscribe to Charitable Giving News for You.
    Afficher plus Afficher moins
    42 min
  • The Endowment Multiplier: Nick Burgess on How Smart Planning Fuels Big Philanthropy

    The Endowment Multiplier: Nick Burgess on How Smart Planning Fuels Big Philanthropy
    Oct 4 2025
    In this episode of Money to Give, host Rick Peck welcomes Nick Burgess, Principal at The Burgess Group, for an eye-opening conversation about how innovative insurance and financial strategies can dramatically expand the impact of philanthropy. Nick has worked with foundations, universities, and nonprofits to help unlock gifts that seemed unimaginable—sometimes turning a donor’s existing giving capacity into transformational, multi-million-dollar endowments. Nick shares remarkable stories, including how one foundation’s ambitious goal of building a $50 million endowment was achieved in just 60 days through creative planning with a single donor. He also describes his work with the Cleveland Clinic, where strategic use of insurance and financing has already secured $1.3 billion toward a $2.3 billion endowment. But this conversation isn’t only about big numbers. Nick emphasizes transparency, integrity, and education, noting that strategies like premium finance life insurance are not for everyone. “This should never be sold as a commodity or as ‘free insurance,’” he cautions. Instead, with the right donors, clear communication, and long-term management, these approaches can create extraordinary results for philanthropy. Listeners will gain insights into: How nonprofits and advisors can uncover untapped capacity for giving. Why endowment-building strategies need both vision and discipline. The importance of stress-testing, transparency, and fit when considering premium finance structures. How the right planning can ensure gifts endure and grow for generations. Nick’s expertise shines a light on possibilities many organizations don’t even know exist. For donors and nonprofit leaders alike, this episode offers a glimpse into what’s possible when generosity meets creativity and integrity.
    Afficher plus Afficher moins
    32 min
  • Living to Give: Trish Kane's Transformation from Struggle to Service

    Living to Give: Trish Kane's Transformation from Struggle to Service
    Oct 3 2025
    In this powerful episode of Money to Give, host Rick Peck sits down with Trish Kane, CEO and founder of Healerverse. Trish shares her remarkable journey from Wall Street to a near-death experience, to building a platform dedicated to holistic well-being and service to others. Trish’s story is one of resilience, renewal, and generosity. After surviving a nine-day coma and relearning how to walk, talk, and breathe, she committed her life to helping others heal and thrive. Today, through Healerverse, she empowers spiritual practitioners and solopreneurs worldwide to make an impact. Highlights Trish’s personal journey through addiction, recovery, and rediscovering purpose. The role of gratitude, faith, and community in sustaining her new path. The ripple effect of kindness—from holding a door to sponsoring children in Africa. Her commitment to supporting female founders and giving back through her work and investments. Check out the Healerverse online community: https://5dhealerverse.com/home
    Afficher plus Afficher moins
    32 min
  • Philanthropy Is For Everyone: A Conversation with Bob Hopkins

    Philanthropy Is For Everyone: A Conversation with Bob Hopkins
    Sep 19 2025
    In this inspiring episode of Money to Give, host Rick Peck sits down with Bob Hopkins—author, educator, and lifelong champion of generosity—to explore the true meaning of philanthropy. Bob shares stories from his decades of teaching, writing, and community work, showing how giving is not just about money but about how we live, connect, and care for others. Together, Rick and Bob discuss: Why philanthropy should be understood as love of mankind, not just financial giving The “five Ts” of giving: time, talent, treasure, testimony, and ties How everyday acts of kindness and service make us all philanthropists The impact of Bob’s teaching programs and storytelling through his books His latest project, the award-winning documentary Mighty Eighty Listeners will come away with a broader, more accessible view of philanthropy—and practical inspiration for how to live it out in daily life. Bob Hopkins is the author of Philanthropy Understood – Stories of Generosity, Legacy of Giving, a beautifully designed coffee table book featuring 100 stories of people who have made a difference. He is also the subject of Mighty Eighty, a documentary by award-winning filmmaker Noman Robin, which captures Bob’s life, philosophy, and ongoing work to inspire generosity at every age. Links: Philanthropy Understood: One Hundred‑Plus Stories From Those Who Helped Change the World → Order the book Philanthropy Misunderstood : One Hundred‑Plus Stories From Those Who Helped Change the World → Order the book Mighty Eighty – Profile Documentary (Trailer) → Watch on YouTube
    Afficher plus Afficher moins
    35 min
  • Stories from the Fundraising Trenches: Games, Guests, and Giving with Roger Devine

    Stories from the Fundraising Trenches: Games, Guests, and Giving with Roger Devine
    Sep 11 2025
    In this episode of Money to Give, Rick Peck welcomes Roger Devine back to share stories from his 20+ years in the fundraising trenches. Together, they explore the fine line between fun and fiasco when it comes to gala games, silent auctions, and paddle raises. From a disastrous “Heads or Tails” game that turned into a debacle, to the perils of overstocking your silent auction, Roger unpacks real cautionary tales every nonprofit planner should hear. He also offers creative, proven strategies—like dessert dashes and timing sugar highs—that keep guests engaged, generous, and excited to return next year. Whether you’re planning your first benefit gala or looking to refine a long-running event, this episode is full of practical takeaways to help you raise more while keeping your mission at the heart of the evening.
    Afficher plus Afficher moins
    36 min