The Exit Planning Summit not only features three days filled with extraordinary education but opportunities for networking as well. On Monday, May 22, EPI will hold the seventh annual Summit Charity Giveback Social. This informal, vibrant, and fun event allows you to further network while generating funds for a local nonprofit organization through a live and silent auction. Auction proceeds and donations will go directly to the Phoenix Children’s Foundation. This event includes entertainment, an open bar, heavy hors d’oeuvres, and networking, in addition to the auction component.
This event is made possible with our partners Strazzeri Mancini LLP and The Founders Group who have already made a contribution to the Phoenix Children’s Foundation.
Joe Strazzeri and Shelley Lightfoot share, “Please join us again this year as we support Phoenix Children's Hospital at the EPI Summit. Giving back has been a cornerstone of the Strazzeri Mancini and The Founders Group’s culture for over 20 years. We only choose charities that have a deep meaning to us and where we know we can make a difference. Phoenix Children's offers the most comprehensive pediatric care in the Southwest region providing a full range of services dedicated to children. Many of the hospital's family-centered care programs are remarkably sensitive to what sick and injured children and their families need and are supported either significantly or solely through philanthropy.”
What is Charitable Intent?
In CEPA, we teach that charitable intent conversations benefit family businesses especially because it allows them to develop an emotional and functional bridge between wealth, purpose, and society. Before exiting your company, consider what causes are important to you and your family. How would you like to support them? Decide, as a family, on what causes to support financially or through volunteering time. That way, not only will your assets be passed down to the next generation, but your values as well.
As Joe Strazzeri, Co-Founder and Principal of Southern Carolina Institute and Partner of Strazzeri Mancini, LLP, teaches in our Certified Exit Planning Advisor program, 66% of owners are interested in learning about at least one topic that pertains to philanthropy, charitable trusts, socially responsible investing, or strategic giving plans. Charitable discussions with business owners can help ascertain some of the attitudes and values that may be preventing an exit strategy. But as an owner’s valued advisor, you can build trust through charitable giving conversations.
Why Is Charitable Giving an Important Part of Any Owner’s Exit Plan?
There are numerous charitable giving vehicles that, when included as part of a client’s overall succession plan, can provide substantial tax advantages both while they are alive and for their estate after they pass. Many of us in the advisor community use these strategies to cause conversations and trigger engagement.
While the “math” is an effective driver, we have also found that these families and business owners are also inspired because they want to:
- Transfer values and purpose, not just assets
- Exit with the maximum amount to the family – Charity does not have to reduce the Family’s share!
- Continue to support the community that has helped to establish the family’s success
How can those in the EPI community donate to the Phoenix Children’s Foundation even if they cannot make it to the Exit Planning Summit this May?
We are coordinating a dedicated online donation form with the Phoenix Children’s Foundation for those who cannot attend the event this May. If you would like to donate to this incredible Foundation, you can make your secure donation through this link.
Register for the 2023 Exit Planning Summit!
The Exit Planning Summit is the coming together of the exit planning community. The best advisors from around the world collaborate with their supporting partners and colleagues that are all helping business owners to create more significant companies. Business advisors will develop new or further current relationships, learn best practices, and advance themselves as advisors. Advisors will leave the Exit Planning Summit not only galvanized to accelerate their practice but with the tools and connections to do so.
During the three-day Summit in Scottsdale, attendees will have numerous opportunities to build their professional relationships with other advisors, business owners, and over 30 trusted industry partners.
Learn more about the Summit and register today!
