Benefits of Donating Stock Instead of Cash

HCR WEALTH ADVISORMany people choose to donate to charitable donations, whether it is by giving money or donating stock. Understanding the differences between these options is always a good idea to help you decide which is the best option for you. 

Here are a few of the main reasons why you should consider donating stock instead of cash to a charitable organization.

#1 Remove Tax Liability
One of the benefits of donating stock is that it can help you remove a tax liability from highly appreciated stock. Federal capital gain taxes can be very expensive, as much as 20% and some states even impose capital gains taxes. Fortunately, you can avoid these fees by choosing to donate your stock instead of cash.

#2 Find a Better Use for Your Cash
One of the options you have in donating stock from your portfolio is to deposit additional cash that is an equal amount to the value of the gifted stock. You can also purchase the stock at a higher cost basis if you plan on lowering potential tax liabilities. You also have the option of purchasing different investments to maintain your assets.

#3 Donating Stock can Increase the Size of Your Donation
One of the ways to receive a tax deduction is to donate your stock directly to a charity organization. On the other hand, selling your stock for a cash donation can incur a tax liability. If you have any questions, you can always reach out to HCR Wealth Advisors to learn more information.

HCR Wealth Advisors is a company that specializes in wealth management for a variety of clients. Our primary goal is to establish relations through education, trust, and service.

This article is provided for informational purposes only and should not be interpreted as investment advice.

Jack Plotkin and the State of Telehealth

JACK PLOTKINWith American healthcare constantly in the headlines today, Jack Plotkin, chief technology officer at VirtualHealth, is eager to inject telehealth into the conversation.

Telehealth is the delivery of healthcare services via digital means. The idea is that the patient can sit in front of her Internet-accessible computer and talk with a nurse or other caregiver. She can ask questions, describe symptoms and even show affected areas if it can aid in a tentative diagnosis.

Telehealth is a great strategy for delivering care to patients in remote areas or to those who must hold costs down or are mobility-challenged. These individuals are enabled to seek quality care from the comfort and convenience of their homes.

The technology makes such great sense that it’s been on the horizon for years, but there have always been certain sticking points standing in the way of full adoption. The following challenges are being met today at VirtualHealth and throughout the industry, says Plotkin:

Engagement — The online process has to be as simple as possible for greater acceptance. First, people had to have computers and online access. Then the engagement process had to become much less cumbersome. Today, users can collect their own biometric data through common wearable devices. The data acquisition process has been simplified and redundancies eliminated. With fewer tasks and responsibilities put on the patient, engagement rates have improved.

Integration — Until recently, telehealth exam data has been relegated to a separate track away from conventional exam results in patient records. What good is that in evaluating and maintaining patient health? That’s why VirtualHealth combines all data streams, both digital and real-world, for a “360-degree view” of the patient’s medical history.

Payment Reimbursement — Sure, there’s a cost for this complex and, in many cases, life-saving technology. That has to be recognized, and today it finally is. Insurance companies are finally accepting the validity of telehealth and agreeing to pay for it. So are government payors such as Medicare and Medicaid. This funding has enabled the technology to mature and find real-world applications.

Jack Plotkin

The benefit to all is reduced costs and improved outcomes for even the most vulnerable patients, says Plotkin.

TJ Maloney Leads the Way in Acquisitions

The CEO and chairperson of Lincolnshire Management is an avid investor known for turning every business he operates into a profitable venture. With an experience shy of three decades, TJ Maloney has engaged in the acquisition of several entities since he joined the organization in 1993. Under his stewardship, Lincolnshire has perpetually realized immense success.

TJ Maloney’s professional journey began materializing when he graduated undergraduate from Boston College and the next progression to acquiring a Juris Degree from Fordham School of Law. Before assuming his current position, he worked in New York, where he practiced securities law, mergers, and acquisitions. Besides, at one point he worked for his father’s companies before attaining a college education.

On joining Lincolnshire, TJ Maloney’s career advanced to a reputable level after working his way up the career ladder. As follows, he has managed to participate in many successful acquisitions throughout his tenure. His skills were vital in the organization, whose objective is to engage in control investments among developing middle-scale businesses.

Lincolnshire Management has enjoyed significant success in its operations since its inception in 1986. The corporation has engaged in over eighty acquisitions that have enabled it to grow and expand its line of business. Presently, the firm manages an estimated 1.7 billion dollars of private equity funds.

Given the organization’s success record, it is now engaging in another acquisition. The announcement that was done in October 2019 reported that it is investing in Powerhouse as well as other two complimentary corporations. The move intends to establish an integrated asset-light provider that would comfortably work on multiple large-scale projects.

Lincolnshire will be working with VSS, which is the minority investor in Powerhouse. TJ Maloney reflects VSS’ managing director Patrick Turner’s sentiments by stating that he is looking forward to working with VSS. VSS is a business that engages in offering entrepreneurial services that are in high demand as well as tech-enabled and will promote the realization of a more profitable Powerhouse.

In his professional capacity, TJ Maloney has been giving back to the community. He served as the chair of Boston College Wall Street Council and a member of the Board of Trustees for Fordham University and Boston College as well as other active roles in several boards. Maloney’s philosophy in his career is that of embracing balance in all activities.

Follow TJ Maloney here https://www.facebook.com/tjmaloneyceo/

Gulf Coast Western and Matthew Fleeger

GULF COAST WESTERNMr. Matthew Fleeger is the president and CEO of Gulf Coast Western, LLC, an oil and gas energy enterprise located in Dallas/Ft. Worth area. This family-owned and operated company was established in 1970 by his father. However, Gulf Coast Western would experience greater growth under the direction of Matthew.

Matthew Fleeger attended Southern Methodist University and obtained a degree in Business Administration. After graduating, he would work with his family at Gulf Coast Western for seven or eight years. Later, he would join another gas and oil outfit before venturing out on his own.

He founded MedSolutions, a waste management company that picked up, disposed and safely treated rubbish from medical facilities. Matthew Fleeger led the company to success and was able to sell it for 59 million. In addition, he also delved into the tanning business; starting two companies. His tanning kiosk services were well-received and progressed throughout the United States. The salons he built for people wanting a tan became popular worldwide.

After his personal accomplishments, Matthew Fleeger joined Gulf Coast Western again, where he took over the reins from his dad who had retired. Now as the Director of the organization, Matthew would take Gulf Coast Western to new heights. The company has locations in various states, including Louisiana, Colorado, Mississippi and Oklahoma. Fleeger wants to continue to extend his reach into other regions of the United States.GULF COAST WESTERN

Matthew Fleeger is excited about the future of Gulf Coast Western and he has numerous partners involved in joint ventures. Many continue to invest in the energy firm because of Matthew’s motto stating he wants to be transparent with clients. Gulf Coast Western has an A+ rating with the Better Business Bureau.

James River Capital’s 6 Places or Strategies to Find Startup Capital

Paul Saunders, CEO and co-founder of James River Capital in Richmond, Virginia, recognizes funding as your primary new-business challenge. These, according to Saunders, are the logical starting points or strategies for finding the start-up capital you need.

Bootstrapping — Use your savings or borrow from family or friends. That money might be hard to come by, but if you can access this valuable resource you might maintain more control of your business and avoid high interest repayments.

Business loans from a bank — This can be quite a challenge for new business owners, but you should certainly at least try — especially if you have excellent credit. Start with banks or lending institutions where you have car or home loans or have already established a good reputation as a borrower.

Angel investors — These people are trying to park their money where they expect to make a decent return. The upside is that they don’t generally expect to be closely involved with your company. You might find such investors in your own social circle or by networking in your community.

Community-based loans — Regional development agencies and similar sources want to lend money to companies that might end up employing locals and contributing to the tax base. One source for contacts in this area is your local chamber of commerce.

Venture capitalists — Venture capital firms or individuals might have millions to lend, but they’ll first study your concept and your existing business with a fine-tooth comb. You must also expect to give up a degree of control to a VC. The upside, of course, is that you’ll have all of your immediate funding needs met. You’ll also have more credibility with clients and other business contacts. After all, these folks know what they’re doing.

JAMES RVER CAPITAL CORP

Crowdsourcing — Check out websites such as Kickstarter, Indiegogo and Patreon, among others. Entrepreneurs like you can post your proposal and funding needs, and perhaps draw the attention of dozens, hundreds or even thousands of small investors each willing to contribute ten or twenty dollars to your cause. The advantage is that you don’t have to pay the money back, so you have no steep interest rates affecting your bottom line. First study your favorite crowdsourcing sites and see what works and what doesn’t.  

Sergey Petrossov

SERGEY PETROSSOVSergey Petrossov believes that social scheduling is the future of private jet chartering.  The company now lets customers organize their flights on a per seat basis themselves. Many of the private jet charter seats are available during flights giving customers a chance to organize their own flights. Anyone can create a crowd sourced flight or buy a seat on flights created by another group. Gone are the required memberships of the early days and free flights. Many flights now run no matter how many seats are sold, and discount rates are still available to consumers. JetSmarter is are changing their model to a different one that does not require membership.

When it started in 2012, they advertised as the jet company that helped customers find a private jet charter anywhere in the world with their app. In 2015, they created shuttles flights in high traffic areas with free perks like helicopter transfer to and from the airport. The new model was created to help expand their market and keep the basic membership model alive. Petrossov has reinvented private jet travel and reduced the costs with his company JetSmarter. His app reinvented the old-fashioned booking system and made the process streamlined.

The company is often called the country club in the air. The success of the company is because they have team members from NASA, Microsoft, Mercedes-Benz, BMW, and Uber. Sergey Petrossov has flown all around the world. He came up with the idea for the company when he tried to book a private flight one day. His days have been filled with talking to investors and meeting with clients. He is constantly trying to meet customer needs and improve his product. They use marketing and advertising channels to connect with the consumers. He knows that trial and error are what make a company successful.

SERGEY PETROSSOV

Sergey Petrossov continues to focus on making private jet travel more convenient and accessible to customers and enhance their lifestyle. Private jet travel has been inefficient, and he continues to work on improving costs and use of the private jets for business and leisure travelers.

Raffaele Riva Gives Entrepreneurs Advice to Achieve Unimaginable Success

Financial expert and international businessman Raffaele Riva has been highly regarded for his knowledge of customer satisfaction and successful business practices. He has been immensely successful in the financial sector and focuses primarily on areas regarding financial knowledge such as wealth planning, asset management and more. Raffaele Riva started as an entrepreneur and he introduced the world to several startups between 1997 and 2008. Eventually, he found himself in several positions that required him to manage and supervise the daily operations of multiple million-dollar companies. He became well-known for his success rate in his field and began conducting business all over the world. Raffaele Riva has worked in several countries for several multinational businesses in highly authoritative roles.

It’s no wonder why people are now turning to him for advice on how he has made all of these achievements possible. Many entrepreneurs look up to Raffaele Riva because of his consecutive success in the financial field and his vast knowledge in the field. He credits all of his success to his curiosity and his inability to quench it. Raffaele Riva says that he has never lost the lust for knowledge and he continues to seek it every day. He does so by being an avid reader and keeping up with all of the financial news he can. He feels that keeping up to date helps to guide entrepreneurs and fuel their business ideas.

Raffaele Riva has also expressed to young entrepreneurs that he didn’t always know what to do and that everyone experiences some sort of obstacle on the journey to achieve their dreams. But he truly believes in the power of one’s mind and the ability to strive for what you want. He just encourages everyone to take one step toward their goals and everything else will fall into place.

 

The Controversy of Niranjan Shah

President Barack Obama, back in 2009, had invited Professor Henry Louis Gates Jr., and the policeman who had arrested him in order to form some reconciliation over an incident that happened at his house. This incident was that he arrived at his own home and was arrested as a potential burglar.

It seems like great men are always having some sort of struggles that lead to controversy.

The Governor and Trustees Controversy

The controversy regarding the University of Illinois was about favoritism. Commissioners were sure to not allow it to be a witch hunt. One of the trustees that were part of the great land grant university is Niranjan Shah. As the new Chair, he took a lot of heat. But here is what is known.

Niranjan Shah has never charged for work not done. He has integrity. He has had tens of millions in government contracts for his engineering job, but has never performed a bad job. It is known publically that he has been a very generous contributor. He is open about this. But, there is no correlation between his contributions and the size of his contracts.

He has also never been known to pressure people for a contract. His only wish is to not discriminate. He has never paid to play.

The Downside of Greatness

The downside is even a great man can make mistakes. Although there were only a handful of mistake in a handful of cases, Being the chairman of the trustees has been one of his proudest achievements. One of these mistakes one case for his future son in law. His son in law was first in his class at Oxford (United Kingdom).

His personal health required that he resigned, but he should be respected for his many contributions to promoting excellence. It is no easy task to deal with the University of Illinois and it is not a sign of weakness that he resigned. He has been revered and appreciated for his efforts.

Read more about Niranjan Shah here https://everybodywiki.com/Niranjan_Shah

Iskandar Safa & Privinvest

Privinvest has come to be known worldwide as a leader in the realm of international shipbuilding. Founded by Iskandar Safa along with his brother Akram Safa, Privinvest has over 2500 employees around the world, operating throughout Europe and the Middle-East. In leading such a massive organization, Iskandar has preferred to stay far from the limelight–leading through action and not an out-sized public persona. That does not mean, however, that his story is not an interesting one.

Iskandar was raised in Beirut and was a champion discus thrower throughout all Arabian countries. He went to school for civil engineering–a path well-established by many on his mother’s side of the family. After Lebanon won its independence from France, Iskandar’s father served as director of the cabinet for Lebanon’s president. His father’s example provided Iskandar with a drive to succeed and well as a guide in how to be a leader.

After completing his civil engineering studies, Iskandar went to Riyadh and built a military academy for the Saudi King. This major undertaking also being his first project was a sign of things to come for Iskandar Safa. His interest in large-scale projects would dominate the rest of his career up to the present day.

Iskandar spent three years in Riyadh before continuing his education in France to obtain his MBA at the European Institute of Business Administration. It was then that Iskandar launched Privinvest with his brother, who himself had graduated from MIT.

Privinvest began by diving into the worlds of hospitality and international trade. After these early successes, Privinvest went on to make their name known in the shipbuilding sector on a global scale.

Iskandar Safa and Privinvest seem primed for continued future growth. It will be exciting to watch just how the company continues to expand upon its global success.