Business & Finance

Press Releases

Dietze Delivers Donor-Fund, Charitable Giving Talk at Beacon Hill Club

David Dietze speaks on "Donor-Advised Funds and Private Foundations," at an educational session sponsored by the Overlook Foundation at the the Beacon Hill Club.

David Dietze, Founder, President, and Chief Investment Strategist of Summit-based Point View Wealth Management -- an investment advisor based in Summit -- presented a review of "Donor-Advised Funds and Private Foundations," while A. Jude Avelino of Avelino Nitkewicz LLP discussed IRA and retirement assets, at an educational session sponsored by the Overlook Foundation at the the Beacon Hill Club.

Dietze detailed the following:
Donor Advised Funds:  Easy Tax Advantaged Charitable Giving
- Easy to get started
- Immediate tax deduction/avoidance of capital gains/turns assets into cash
- Your money grows as you make charitable decisions
- Easy “Bill Pay Like” costless recordkeeping/distribution of your gifts
- Allows for small gifts otherwise impractical for stock gifting
- Easy diversification of your giving
- Anonymity if desired

- Gifts irrevocable
- Shouldn’t use appreciated stock held less than 12 months or stock held for a loss
- Administrative/Asset management fees
- Charities kept waiting/no payout requirement

Community Foundations: A Backyard Donor Advised Fund With Inside Knowledge On How Best to Help Your Community


- Similar tax advantages as Donor Advised Funds
- Local expertise to advise you on most worthy beneficiaries
- Keeping your money in your community
- Opportunity for field research on your charities
- Joining a network of like-minded philanthropists
- Influence how other monies in the fund are used
- May more readily accept nonstandard assets


- Potentially less anonymity
- Whiz Bang websites not typically as available
- Separate account may not be available for smaller amounts

Private Foundations: For Big-League Philanthropists Willing to Devote Large Amounts of Money and Time


- Prestige
- Putting your friends/family on the payroll
- Greater opportunity to customize your investments pre-gifting


- Expensive due to high startup/operational costs 
- Lesser tax deductions (30/20 vs. 50/30)/excise taxes (2%)
- Annual gifting requirements
- Time consuming
- Becomes a burden when founder loses interest and or can no longer continue
- Less privacy/public tax returns

Point View Wealth Management, Inc. works with families in Summit and beyond, providing customized portfolio management services and comprehensive financial planning, to develop and achieve their financial goals. We are independent and fee only.  How can we help you?  Contact David Dietze (, or Claire Toth (, or call (908) 598-1717 to learn how.

CNBC has named Point View number 5 on its list of the top 100 American fee-only wealth managers.  See


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Summit Fire Department Blotter

12/16/17 7:42 am     FD dispatched to DE FOREST AVENUE and MAPLE STREET for a strong odor of natural gas in area. On arrival found an outside odor of natural gas. PSEG was requested and responded to the scene. Readings of 7% natural gas were found in the manholes in the center of the intersection. CVS was checked and zero readings for natural gas were found. Summit FD was released ...

Summit Police Blotter

February 12, 2018

2/1 - At 0955 hours a report was taken for a theft of a street sign. The unlawful incident occurred between an unknown time frame on Pine Grove Avenue. Value of the street sign was not immediately available at the time of the report.

2/5 - Roberto C. Noel-Berman, 23, of Summit was arrested and charged with possession of CDS. Mr. Noel-Berman was released with a pending court date.

2/5 - ...

Point View's Dietze, Petrides Tell LA Times How to Make Sense of Market's Volatility

February 20, 2018

Point View Wealth Management's Founder, President and Chief Investment Strategist, David Dietze, along with the firm's Managing Director and Portfolio Manager, John Petrides, comment in the Los Angeles Times on mistakes investors should avoid when the market heads south:

The duo's advice is part of a piece ...

Assistance Programs Available for JCP&L Customers to Help with Winter Heating Bills

As the cold weather continues, financial assistance programs are available for Jersey Central Power & Light (JCP&L) customers who need help with winter heating bills.

Assistance to qualifying JCP&L customers is available through the Lifeline, Universal Service Fund (USF), Weatherization, Payment Assistance for Gas and Electric (PAGE) and New Jersey SHARES programs.

Lifeline ...

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AtlantiCast: Episode 12

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Let the Games Begin

I am truly awed by the Olympics.  Watching these superb young athletes on TV inspires me to renew my membership to the gym and pursue my lifelong dream of taking home the gold.  


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Movies! Movies! Movies! - Three Ways to Enjoy Movies

Most people who use the Summit Free Public Library are familiar with our video collection: thousands of DVDs and nearly 800 BluRays -- and growing!

In addition to recent box-office hits and Hollywood classics, we have foreign films, anime, and musical performances from Aida to ZZ Top. Binge-watch a must-see TV series, discover a new one, or introduce your kids to your childhood ...