MILWAUKEE, March 13 /PRNewswire/ — Investors who want to make a difference with the nonprofits they support now have an easy-to-use tool. Summit Investment Management announced a new program that allows investors to share a portion of their gains with charitable organizations, with the firm providing all the necessary documentation for tax purposes. This innovative program, called Summit Charitable Advantage, allows clients to automatically donate a portion of their investment gains to the charity of their choice. By simply going to http://www.suminvest.com/charitable-giving.htm investors can complete a form to enroll in the program. Each year, the amount of investment gains will be measured and 20% will be sent to charity. The donor will receive a receipt from the receiving charity and in most cases will be able to deduct the donation for tax purposes. This process is designed to simplify charitable donations and avoid the year-end scramble for calculations, deductions, and receipts. Summit investors can share their resources as they earn them, with seamless tracking and accounting.
This program will provide a win/win solution for both donors and charities. “Donors can donate generously when they can best afford to. Charities will be able to build a growing and recurring source of revenue while providing their members access to professional money management. Automating the process makes it easier for everyone,” said Thomas Czech, President of Summit Investment Management, Ltd.
In conjunction with the Summit Charitable Advantage pledge program, Summit Investment Management has created four Lifestyle Portfolios that combine Summit’s proprietary quantitative stock selection process with Exchange Traded Funds (ETF) to provide broad diversification. These portfolios include a range of stock and bond allocations to match an investor’s risk profile.
“In a time when philanthropic and online giving is on a rise, products like the Summit Charitable Advantage, gives investors a huge opportunity to fund the charity of their choice and have an impact on its mission,” said Jennifer Brusstar, CEO and President, the Tug McGraw Foundation.
About Summit Investment Management, Ltd.
Summit Investment Management Ltd., founded in 1987, is a Milwaukee-based, independent, employee-owned registered investment advisor. Summit offers money management services to individual, institutional, endowment and foundation clients. Summit utilizes a proprietary and highly successful quantitative stock selection methodology to construct portfolios. Summit’s investment philosophy and strategies are designed for today’s investment environment.
Please visit our website at http://www.suminvest.com/ or call 414-291-4488 for more information.
