FROM THE RECIPIENT CHARITY'S PERSPECTIVE, AN iCLAT SHOULD BE CONSIDERED AS AN "ENHANCED" PLEDGE ARRANGEMENT, AND COMMUNICATED AS SUCH WITH ANNUAL DONORS (BOTH CURRENT & PROSPECTIVE)!
An iCLAT is like a "pledge arrangement" because it provides recurring annual gifts to charity.
An iCLAT is "enhanced" because it will provide your valued annual donors with a very large IMMEDIATE current year charitable income tax deduction.
The IMMEDIATE charitable tax deduction generated by an iCLAT is so large that it's almost equal to the total sum of the iCLAT's annual gifts to your charity. Just take a look at the chart below!
Active Collaboration with Advisors is ESSENTIAL for iCLAT Planning
iCLATs are never established without the integral involvement of at least one of the client's key advisors (financial planner, accountant, attorney or other key advisor) during the exploratory process. In other words, iCLATa are never established in a so-called "planning silo" without our clients' most trusted advisors involved throughout the discovery, design and engagement process. In fact, the vast majority of iCLAT inquiries, illustrations and engagements are initiated by one of the client's key advisors. In fact, if a client reaches out to us directly for a FREE illustration, then one of our first action items is to communicate with one or more of his or her key advisors.