Attorney and loyal FSU alumnus Brad Gornto (B.S.,'95) is hard at work. When he isn't counseling his clients on the best ways to keep more of their hard-earned dollars, he's advising them on how to best give to their most important causes.
He credits his strong work ethic to lessons learned during his years at FSU while working in the advertising department of the Florida Flambeau (now published as the FSView & Florida Flambeau). His passion for charitable gift planning began as a law student while working for a nonprofit foundation supporting higher education. Brad has since put his work ethic and experience in charitable planning to use in not just one, but two successful practices.
After graduating from law school and obtaining a Masters of Law in Taxation, he joined his father in 2001 to form Gornto and Gornto P.A., an estate planning, tax and business law firm in Daytona Beach, Fla. In 2012, Brad established Effectual Giving LLC, a planned giving consulting firm that helps philanthropists achieve their charitable goals.
Brad uses his expertise to act as the intermediary between charitable organizations and philanthropists to ensure that both parties are engaged in the giving process.
"Too often, people give in isolation without exploring all of their options," Brad says. He encourages donors to be open and communicative with their advisors and with staff at the organizations they choose to support.
Brad helps improve the giving process at Florida State by advising the Office of Planned Giving staff in their efforts to provide the best possible solutions for Florida State supporters. He brings with him a special expertise in the strategy known as the charitable lead annuity trust, or CLAT, which he describes as a particularly powerful tool given today's low interest rates.
"A charitable lead annuity trust, specifically a reversionary CLAT, is a trust that distributes a series of payments to FSU over a period of years and then distributes the remaining principal back to the donor," Brad says.
He notes that while this type of commitment is often underutilized, it greatly benefits the charity and also provides stability for the donor.
"This strategy can generate a very large charitable income tax deduction for a donor in the current year, without requiring a large lump-sum charitable gift and without disturbing the donor's overall estate plan," he says.
"My years at Florida State were some of the best times of my life," Brad says. "I am thrilled to now be able to use my experience with CLATs and other gift planning tools to help alumni and friends impact the lives of current and future Florida State students."
If you would like to learn more about charitable lead annuity trusts or other planned gifts, please contact The Office of Gift Planning at (850) 644-0753 or firstname.lastname@example.org.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.