As Thanksgiving approaches and our year comes to an end, organizations will look for support. When it comes to your overall financial and estate plan, charitable giving can play an important role. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
There are many ways to give to charity. You can make gifts during your lifetime or at your death. You can make gifts outright or use a trust. You can name a charity as a beneficiary in your will and even designate a charity as a beneficiary of your retirement plan or life insurance policy. Also, if your gift is substantial, you can establish a private foundation or donor-advised fund.
Before Giving to a Charity Here are tips to help make sure your charitable contributions are put to good use…immediately, without giving you time to think about it and do your research.
What to Consider When Making Charitable Donations Whether you’re looking to spread some goodwill this holiday or to be more charitable in general, consider these five criteria when selecting a nonprofit.
Have you had a chance to check out the Trevor Schwartz Investments Facebook page? Come take a look at the newly designed page. Click Here
Opinions expressed are not necessarily those of Raymond James & Associates. Information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk and you may incur a profit or loss. No investing strategy can guarantee success. Past performance may not be indicative of future results.
*The referenced websites are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor the following websites or their respective sponsors. Raymond James is not responsible for the content of the websites or the collection or use of information regarding the website's users and/or members.
