September 25, 2016

Charitable Giving

Being able to make a contribution to others is satisfying and admirable. Here are some tips about being strategic in your giving.

Comparing Donor-Advised Funds

givingflower

Which company should you choose when you’re opening a donor-advised fund?

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Testamentary Donor Advised Funds

colorful gift bows

An easy estate workaround is to set up a Donor Advised Fund as a Testamentary fund, meaning you aren’t funding it yet, but it will be funded upon your death.

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Investing in a Donor Advised Fund

Gift on table

There are several strategies for using a donor advised fund which will help determine your asset allocation.

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Gifts, Taxes, and IRS Form 709

Gifts, Taxes, and IRS Form 709

Most people are unaware that giving a gift can be a taxable event because they themselves have not yet experienced the tax.

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Qualified Charitable Distributions (QCDs) from IRAs

Qualified Charitable Distributions

QCDs allow individuals age 70 1/2 or older to give directly to a charity from your IRA without counting the distribution as taxable income.

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Why You Should Give Appreciated Stock Instead of Cash

Gift and Lights

Giving appreciated stock not only allows you to support your favorite charity but also avoid paying capital gains tax on your gifted stock.

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A Complete Guide To Donor Advised Funds

Wrapped Gifts

A donor advised fund makes the process of charitable giving simple and easy.

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IRS Wants Charities To Collect And Report Sensitive Donor Identity Information

IRS Wants Charities To Collect And Report Sensitive Donor Identity Information

Late last year, the IRS proposed asking charities to collect sensitive donor identity information for any charitable gift of more than $250.

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Gifting Appreciated Stock To Family Members

Gifting Appreciated Stock To Family Members

For children with lower incomes, there is an opportunity to give them appreciated stock to shift the capital gains to a lower tax bracket.

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What Capital Gains Is Owed For The Sale Of Gifted Stock?

What Capital Gains Is Owed For The Sale Of Gifted Stock?

It is better to leave stock to a family member in your estate plan than to gift them the stock while you are alive.

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Why You Should Use a Donor Advised Fund

Why You Should Use a Donor Advised Fund

We highly recommend a Donor Advised Fund for generous investors.

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Never Lend to Family Without a Contract

3 Generations

While helping a family member out is noble, money often complicates the relationship.

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Education Improvement Scholarship Tax Credits

Education Improvement Scholarship Tax Credits

Virginia taxpayers can give generously and offset the cost of those gifts through tax credits and the avoidance of capital gains taxes.

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Giving to a Charity to Receive an Annuity

Giving To Charity In Order to Receive An Annuity

Every nonprofit needs to keep an up-to-date list of the types of assets that they will accept as donations.

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Appreciating Donor Advised Funds

Wrapped Gifts

There are five ways that both you and the government could make charitable giving more significant.

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A Complete Guide To Using A Donor Advised Account For Your Charitable Giving

Gift

A donor advised fund makes giving easier.

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What Asset Allocation Should I Have For My Schwab Donor Advised Fund?

Pie Chart

Keeping your donor advised fund invested could result in more benefit to the charities you support.

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Is AmazonSmile Good For Charities?

AmazonSmile: You shop. Amazon gives.

There is no reason why charities should not be thankful.

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How To Designate Charitable Gifts In Your Schwab Donor Advised Account

Schwab Charitable

Schwab Charitable Donor Advised Funds make the gifting process easier.

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Fourteen Ways to Avoid Paying Capital Gains

Like water for money

The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

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Microfinance: Loans That Change Lives

Kiva: Loans that change lives

With as little as $25 you can begin loaning money to developing world entrepreneurs.

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Gift Tender Offers To Charity To Avoid Capital Gains Tax

Gift with Yellow Bow

This technique can avoid paying any tax, a savings worth up to 36.1%.

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Annual Exclusion From Gift Taxes

White Gift with Red Ribbon

There is a limit, or exclusion–an amount that the government will allow you to gift to a person per year, without incurring tax consequences.

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Links Exist Between Your Generosity and Your Friends

Bert and Ernie

The study also found that when wealthy people are heavily clustered in a neighborhood, their generosity drops.

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Video: How to Check Up On Your Charity

Marotta Youtube

Maybe it is time you checked up on your favorite charities before making your next gift.

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Charitable Donations from IRAs

charitable-ira_t

Although a number of tax breaks got snuffed out by the recent tax compromise passed on January 1, the ability to make charitable contributions from IRA accounts for people older than 70 1/2 was given new life.

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Financially Savvy Kittens on Gifts to Charity

Financially Savvy Kittens on Gifts to Charity

This kitten gifts appreciated stock. Be more like this kitten.

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How to avoid the vehicle sales tax in Virginia

Oh My!

“I would like to give my daughter my newer car, but the tax considerations are not simple.”

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Tax records show Republicans overly generous, Democrats excessively stingy.

Liberal-Conservative

The hypocrisy of candidates who pretend to be generous with other people’s money while purposefully characterizing those who are actually generous destructively is an issue worthy of consideration when you vote.

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Three Flaws of Charitable Gift Annuities

charitable gift annuity_t

Charitable gift annuities get an “A” for marketing and an “F” for performance.

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Mailbag: How can I get started gifting appreciated investments?

Gift with Yellow Bow

Do I start planting investments and then refrain from giving for ten years?

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GiveBuddy.com – Dine and raise money for the organization you care about.

GiveBuddy.com - Dine and raise money for the organization you care about.

Last month I was eating lunch at a local restaurant when I noticed an offer by GiveBuddy.com that the restaurant would send a check for 10% of my receipt to any organization I chose.

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The IRA Charitable Donation in 2012

Gift

The tax code provision that allowed IRA owners to contribute up to $100,000 directly from their IRA to the qualified charity of their choice–without recognizing the donation as income–expired at the end of 2011, but what if it is reinstated?

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Schwab: Using a Donor Advised Fund for Your Charitable Giving

Gift with Yellow Bow

A Donor Advised Fund is a way to give small amounts to many charities. But take a look at the pros and cons of this strategy before diving in.

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Megan Marotta: Feeding Others.

Megan Marotta

What is my favorite thing I’ve done with money? Feed others.

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Green Gift$ for the Holiday Season ($ ?s)

$ Questions

Q: I received a letter from a nonprofit organization to which I regularly donate suggesting I may be eligible for state tax credits. Can you please explain what this means?

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$ ?s: The Gift that Keeps on Giving

$ Questions

Q: We plan to use appreciated stock for charitable giving and are looking into using a Schwab Charitable Fund. Do you have any feedback on this strategy?

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Video: Gifting Appreciated Securities Can Save You Money

Marotta Youtube

Americans are a generous people, and the end of the year is the time of year when most people do their charitable giving.

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Charitable Giving: How to Choose Appreciated Stock

Gift with Yellow Bow

Christmas is coming. This is the time of year to consider charitable giving. Let us assume you have decided you want to give appreciated stock instead of writing a check. Now what?

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Video: Year-End Tax Planning Could Significantly Save You Money

Marotta Youtube

Even if you didn’t make a penny more next year, how can you have more dollars for next year’s holiday
season? Reduce your taxes. Between now and the end of the year there are several last-minute tax moves that may save you significant amounts of money. After January 1st, there’s little to do but pay-up.

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How Shrewd Investors Save on Taxes

Swirling blue

You can use both investment losses and investment gains to good tax advantage.

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