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Tag: Charitable Giving

Why Are Bequests to Charity So Rare?

Based on my experience, American societal money scripts around estate planning appear to be “Good parents leave everything to family,” and “The more money I can leave my kids the better off they will be.” It’s not surprising, then, that estate...

How To Pass On Benefits of A Stimulus Check

Watch this video on YouTube Recently a client called with this dilemma: “I’m probably going to get one of those government checks. But I don’t need it. I’d be embarrassed to take it. How can I return it?” The government checks in question...

Charitable Giving With A Donor Advised Fund

Watch this video on YouTube In A Christmas Carol, Charles Dickens has a scene where two charity workers raising funds for the poor approach Ebenezer Scrooge on Christmas Eve. “. . . What shall I put you down for?” “Nothing!” Scrooge replied....

Bundle Charitable Giving Through Donor Advised Fund

Watch this video on YouTube With changes to standard and itemized deductions under the new tax law, many CPA’s and tax attorneys are recommending a strategy of bunching or bundling deductible spending into alternate years. I wrote about this approach a few weeks...

Complex Link Between Giving and Happiness

Watch this video on YouTube Recently a reader suggested I write about the relationship between giving and happiness, noting that research shows people who give to charity are happier. One such study from Harvard Business School in 2009 is titled “Feeling Good...