Good financial read: Charity Donation Summary


    Charitable fundraising

    Donation deduction in 2021 – but not above the line

    by Danielle Harrison, Harrison Financial Planning

    Earlier this year I have an article called Strategies to grow your charitable giving who discussed some of the tax efficient ways to donate to your favorite charities. The article included strategies that were only available for the 2020 and 2021 tax years, such as donation deduction for those who do not list. Regardless of what most experts believed – and what was included in my article – for the 2021 tax year, that charitable deduction is not a surplus as it was for the 2020 tax year, but is equal to one below the line deduction. Read on to see what the difference could mean for you.

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    Giving Back: A Better Life for Children

    by Michelle Schmalenberger, Financial Design Studio

    In the next few months we will report on organizations in our lives for which we personally work. You will be surprised how often we hear from people looking for a great organization to donate. Or maybe you learn something new about us by reading how we spend some of our time away from the office.

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    How to Donate Better: Community Foundations, Private Foundations, and Funds Recommended by Donors

    by Dan Andrews, Fort Collins Financial Planning

    Did you know that most of America’s wealth is held outside of checking and savings accounts? As a customer, you probably know the fact that we encourage you not to stay also lots of cash in cash so that inflation doesn’t undermine your purchasing power over time. This means that we channel your net investable assets into investments in the following areas:

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    How much should you donate to charity?

    by Alvin Carlos, District Capital Management

    Inspired to donate more to charity this year, but not sure how much to donate? There are so many causes that need our support. Hunger, food insecurity, social justice, racial inequality, climate change, fair elections, curing Alzheimer’s, curing cancer, refugees, educating girls, the list goes on. You feel called to donate more to charity, but you also don’t want to put too much strain on your finances.

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    Return: Sustainable Action International

    by Robert Stoll, Financial Design Studio

    As we said Last week we will be reporting on organizations in our life, which we will deal with personally in the next few months. Sustainable Action International was founded 10 years ago by two of my friends from the Church, Evens and Karina Paul. Evens is from Haiti and has always felt called to begin a service in his hometown of La Victoire, which is about 3 hours north of the capital, Port-au-Prince. I joined the board three years ago after instigating a lot from Evens!

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    Charitable donations and contributions [Video]

    by Michelle Schmalenberger, Financial Design Studio

    This is the time of year when people think of charities and year-end donations. Even events like recent hurricanes are causing people to think about how to donate. This is an article on our Year-end tax planning checklist. Be sure to download your copy! (This article has been updated since its original post date)

    [Watch the Video]

    Following financial advisor blogs is a great way to access valuable, educational information about finance – and it won’t cost you anything! Our financial planners are happy to share their knowledge and help everyone, regardless of age or wealth.

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