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

02/01/2018, 7:26 am - FD dispatched to Route 78 East Bound mile marker 47.2 for a reported motor vehicle accident with entrapment and injuries. On arrival both the Springfield and Summit Fire Departments set up for extrication. The vehicle was chocked to stabilize the vehicle. EMS performed patient care. A hose line was stretched for possible fire suppression by the Berkeley Heights FD.

Summit Police Blotter

April 11, 2018

3/13 - Jayhee Cho, 32, of Summit was arrested and charged with criminal mischief. Mr. Cho was processed and released with a pending court date.

3/13 - Aseyefigh K. Papanye, 30, of Brooklyn, New York was arrested and charged with theft of credit cards, fraudulent use of credit cards, theft by deception, theft by unlawful taking, obstruction of the administration of the law, and possession of ...

Audio: Point View's Petrides Says Despite Company Growth, Netflix Stock Valuation Just Too High

April 18, 2018

Point View Wealth Management's Managing Director and Portfolio Manager, John Petrides, live on Bloomberg Radio discussing what to do with Netflix stock post the strong quarterly results:

Note -  interview starts at 2:00-minute mark.

For nearly 25 years, Point View Wealth Management, Inc. has been working with families in ...

Team Veronica Holds "Be the Match" Drive Apr. 23

Team Veronica is coming to a town near you!

Veronica is a seven-year-old who is in need of a bone marrow transplant. Be The Match is a national registry for finding a match(es) for a bone marrow transplant. It is a simple swab test of the inside of your mouth. 

On Mon., April 23, Be The Match will be at the Bayonne Fire House from 3 - 7 p.m.

Veronica of West ...

Fear of Rising Rates? Remember The Reason You Own Bonds

If the current interest environment has you concerned about your bond portfolio, remember why you are investing in bonds.  The role bonds, or fixed income, play in a portfolio is not solely based on performance.  Bonds are used to offer stability, particularly when stock market volatility is rising. Rate hikes can dampen bond performance, but keep perspective on how rising rates impact ...

Cluelessly Clueless

I teenaged my way through high school under the assumption that my parents had no idea what I was doing.  I like to think I was pretty good at withholding information and presenting situations in ways that were other than they really were.


Still, sometimes they found things out.  Like the time my friends plopped me on our front door step at one o'clock in the morning ...

Practice for the PARCC @ Your Library

Students in Grades 3 and up who live in Summit can practice the Math and Language Arts skills that they learned in school and prepare for the upcoming PARCC exam using the Summit Free Public Library’s FREE subscriptions to Lumos Step Up and Learning Express.  

To access Lumos Step Up and Learning Express, visit the library’s website:

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