There comes a time when your responsible spending and investing habits grow your net worth to a level you will never spend in a lifetime. As the years pass you discover charitable causes you want to help. Giving is something that brings meaning to our lives. By making a difference, our hard work and intelligent planning creates the real reason we choose the life we lived.
The hard part of charitable giving is the number of worthy causes to choose from. Another issue is maximizing the value of the gift. There are three issues connected to charitable giving: choosing the charitable organization, determining the level of gifting, and using the tax code to maximize the value of your gift.
Finding a Honest Organization Worthy of a Contribution
The cold call asking for a donation is automatically off the list. I don’t care which organization is doing the asking; if you call me unsolicited the answer is ‘no’. This includes the police department. It is also unlikely I will give much consideration to a request from unsolicited mail. Unsolicited requests generally are not issues I care as much about and the risk the organization is either a fraud or does not support my values is high.Continue reading