- “The CAP has to understand the “Tax and Tools,” but may be the only person at the planning table trained to go beyond them to social impact and catalytic philanthropy. Then, the CAP works back and forth between personal finance and the levers for change that the client wishes to use. The CAP, of course, then makes sure that where financial and tax advantages are possible, those advantages are fully optimized. Is giving to a think tank deductible? How about lobbying? Litigation in the public interest?A movie company making films about corruption or injustice? Can a foundation (given the many rules about fiduciary responsibility) invest in a very high risk start up that funds a new drug? Should the donor wishing to do a public service advertising campaign start a nonprofit, or do the initiative under the wing of a nonprofit, so that the cost of the campaign would be tax deductible? A CAP may be asked to research such issues.3 What drives the conversation of catalytic philanthropy is the relentless desire to change the world, by whatever levers are available, in line with the client’s goals, in the most efficient way possible. Welcome to the leading edge!” A CONCEPTUAL FRAMEWORK FOR PLANNING WITH PHILANTHROPIC TOOLS.Phil Cubeta, CLU, ChFC, MSFS, CAP, The Sallie B. and William B. Wallace Chair in Philanthropy at The American College