A Holiday Thank You – 2021 Edition

The Sedoric Group

Every year about this time, in a pandemic or not, we like to shine a light on the many nonprofits that are doing important work and our team’s investment of time and money in these organizations. You’ve read our yearly write-ups about food insecurity and what Gather is doing to help mitigate this problem. The New Hampshire Campaign for Legal Services, CASA, and countless other groups are also doing meaningful work to make our world a better place.

This year, we’d like to shine the light on you all and share how our clients have stepped up dramatically over the past few years by making investments of their own in the robust nonprofit sector that makes our collective communities special places. We’ve been impressed with the passion many of you have displayed in investing in your communities and The Sedoric Group is grateful for the opportunity to work with you, together with your legal and tax counsel, to become more efficient and strategic in your charitable giving.

In the past two years, we helped one family donate a sizable piece of undeveloped land in the lakes region that ended up helping a local daycare with improved and safe playground equipment and support of the homeless population around Concord. We also aided many of you in establishing or adding to existing Donor Advised Funds (DAF) with appreciated securities. These DAF funds can be dispersed over time and in alignment with your charitable goals. Some of you have included your family in discussions about your giving plans. It is wonderful to see the next generation get involved and engaged in the family’s philanthropy.

A retired colleague from The Sedoric Group was the founder of Seacoast Community Lunch at the Middle Street Baptist Church in Portsmouth and colleagues volunteer their time there and reflect warmly on all the wonderful clients we have served over the decades. Two other clients serve as CASAs as Barb Sedoric did a number of years ago and the list keeps on growing.

Another client, now in their 80’s, took their considerable engineering and construction talents to build elaborate children’s dollhouses that are auctioned off to provide valuable scholarship money for students in the Seacoast area.

Lastly, we are grateful that several of you recognize how deferred IRA assets can be used strategically by using a Qualified Charitable Distribution (QCD) to provide funding for projects and organizations in the community while potentially improving a client’s tax picture.

If you are interested in learning more about how strategic planning and charitable giving can help you help others, we do hope you will be in touch. Investing in community is a “win, win” and can pay significant dividends to you and society. We would love to help.

Thank you for all that you are doing “out there” and we wish you a safe and joyous holiday season!
 

When Steward Partners Investment Solutions LLC, its affiliates and Steward Partners Wealth Managers provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account. Steward Partners is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Steward Partners provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Steward Partners will not be considered a “fiduciary” under ERISA and/or the Code. Tax laws are complex and subject to change. Steward Partners does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account.

Steward Partners Investment Solutions, LLC (“Steward Partners”), its affiliates and Steward Partners Wealth Managers do not provide tax or legal advice. You should consult with your tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters. 

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