Why Consider a Charitable Gift?

People give to charities for a variety of reasons.

They give:
1. Because they have compassion for the less fortunate.
2. From a belief that they owe something back to society.
3. To support a favored institution or cause.
4. For the recognition attained by making substantial charitable donations.
5. To benefit from the financial incentives our tax system provides for charitable
gifts.

Regardless of your reasons for giving, a careful review of the various ways to
structure charitable gifts can help make your gifts more meaningful, both to you and
to the charities you choose to support.

According to the Giving USA Foundation, individual giving accounted for 73% of all contributions to charitable organizations in 2010. Source: Giving USA FoundationTM – Giving USA 2011

Income tax implications of charitable gifts are posted on my blog  IncomeSafety.com

For help you may ask questions in the comments or contact me privately here: Tim Barton Chartered Financial Consultant

 

Tags: business, finance, Money, Tim Barton

This entry was posted on September 11, 2012 at 12:39 pm and is filed under Lifestyle. You can follow any responses to this entry through the RSS 2.0 feed.