Cranbrook Wealth has a multifaceted approach to its philanthropic efforts. First and foremost, we are fortunate to have many clients and strategic partners that have either established grassroots charities themselves or are actively involved in some truly inspiring charitable organizations. Cranbrook continues to provide financial and other support to many of these charitable organizations including, but not limited to, Make Your Date, Hatch Detroit, and The Blue Angels Foundations.
Furthermore, philanthropy can be a powerful tool if properly incorporated into a family's comprehensive wealth management plan. Strategies like private foundations, donor advised funds, and charitable lead trusts, for example, can provide present income tax benefits as well as future estate tax benefits for many families that are already philanthropically inclined. As a further commitment to our own clients' philanthropic efforts, in most instances we completely waive our advisory fee on the charitable assets we manage. To date, Cranbrook Wealth has helped its clients designate tens of millions of dollars in charitable bequests. Please reach out to us to see how philanthropy could be incorporated into your family's comprehensive wealth management plan.