Year-End Tips for Charitable Contributions
You need to be careful, as scammers out there are pretending to be legitimate charities looking to take advantage of your generosity for their gain.
Qualified Charitable Distributions: Using Your IRA to Give from the Heart
If you are 70½ or older and must begin taking annual required minimum distributions, you can use a qualified charitable distribution (QCD) to donate from your IRA and get a tax break, whether you itemize or not.
Kennesaw Financial Firm’s Marathon Month Nets Nearly $1,200 for The Center for Family Resources
Henssler Financial hosted a “Marathon Month” as the firm’s third quarter fitness contest for employees, encouraging staff to stay active and included a charitable aspect to stay motivated.
Interview: The Center for Family Resources—Melanie Kagan and Lee Smith
The Center for Family Resources CEO Melanie Kagan and Director of Operations Lee Smith join “Money Talks” to share the organization’s mission and upcoming Thanks for Giving food drive.
Private Family Foundations
Private family foundations are typically founded by high net worth individuals and families who want to maintain a high degree of control over their charitable legacies, and are willing to assume significant costs and responsibilities, and adhere to strict rules and requirements. Learn more about them in this week’s Financial Tip.
Interview: Travis Suit, Founder of Piper’s Angels Foundation
Exclusive interview with Travis Suit, the founder of Piper’s Angels Foundation and Crossing For A Cure. Managing Associate D.J. Barker, CWS® is participating in the Crossing, an epic paddleboard challenge benefitting cystic fibrosis. About Piper’s Angels Foundation Piper’s Angels Foundation supports and improves the lives of families with cystic fibrosis through heightened awareness, education, life-expanding…
In the News: Seniors Who No Longer Itemize May Benefit from Using QCDs
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how a qualified charitable distribution can provide a significant savings over giving to charity after tax, as charitable deductions are “below the line” deductions. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a…
Seniors Who No Longer Itemize May Benefit From Using Qualified Charitable Distributions
Managing Associate K.C. Smith, CFP®, CEPA, and Associate Michael Griffin, CFP®, join Chief Investment Officer Troy Harmon, CFA, CVA to discuss how some seniors who no longer itemize deductions after tax reform may be able to take advantage of qualified charitable distributions to lower their taxes.
Year-End Charitable Giving
The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning. Tax Deduction for Charitable Gifts If you itemize deductions on your federal income tax return, you can generally deduct your gifts to qualified charities. This may also help you potentially…
In the News: Charitable Giving After Tax Reform
Bil Lako, CFP®, explains that when people care about a cause, they donate regardless of the potential tax benefit. But, people still ask about charitable tax deductions because they want to know how to make the most of their finances.