Private Foundations. Because donations to a private foundation are irrevocable and can only be distributed to 501(c)(3) public charities, they necessarily limit your impact portfolio’s ability to make political contributions.
Limited liability companies (LLCs) and family offices provide staff support for high net worth donors who may wish to engage in some combination of charitable and political donations and impact investments. An LLC has no special tax status; for tax purposes, it is a pass-through and is just an extension of your checkbook. If an LLC makes a charitable contribution, you get a deduction; if it makes a political contribution or socially motivated investment, you don’t.
Bequests. 501(c)(3) public charities are typical beneficiaries of bequests, and bequests may also be made to political organizations, subject to campaign contribution limitations imposed by election laws.
Volunteering. In addition to providing funding, you may volunteer your time and expertise to organizations working to achieve social impact.