It’s the time of year where you may be feeling led to give back by donating your time, property and money to the charity that means the most to you. Receiving a tax deduction on your charitable donation is not a reason to give, but it does offer auxiliary benefit to your generosity....
The holiday season is known as a time of giving, and this sentiment extends to charitable donations as well. According toNonprofits Source, 30% of all annual donations are made in December, with 10% of donations being made in the last three days of the year. ...
Another year in your financial life has almost come and gone. As has become a tradition at The White Coat Investor, we're unveiling (and updating) an end-of-the-year financial checklist, so that you can take care of everything that needs to be done before the calendar year is over. W...
had the opportunity to utilize online money transfer company PayPal to make purchases on the Internet—it is, after all, the preferred in-house payment merchant for e-commerce giant eBay—the service is becoming increasingly popular for another type of transaction altogether: giving money to ...
The holidays bring out the giving spirit in all of us, andas the year comes to a close, many people look to make a charitable donation to their favorite cause. These end-of-year gifts are always well-intentioned but should also be well-planned. Fortunately, there are many resources availab...
Get a financial adviser’s insights on some of the year’s most important tax law changes and opportunities.
The time to think through year-end charitable giving is now—for both nonprofits and donors. Nonprofits benefit from engaging early; a well-planned year-end appeal can be more thoughtfully executed and thus extra effective. The majority of nonprofits start planning their year-end appeal in Oct...
Why is it important to create an end-of-year giving campaign? NonProfit Sourcereports that 30% of annual giving donations to nonprofits take place in December, with 10% coming in during the last three days of the year. Charitable giving comes with big tax incentives, something many people ta...
Typically occurring in the last four months of the year, a nonprofit’s end-of-year (holiday, giving season, year-end, etc.) campaign is often one of the most important fundraising efforts it initiates throughout the year. Because an estimated30% of all annual charitable donations take place...
A Crummey withdrawal letter is a notification sent to the beneficiaries of the trust, informing them of their right to withdraw a portion of the contributions. These letters must be sent every year in order to ensure that certain transfers to trusts qualify for the annual exclusion. If they ar...