Answers in Charitable Planning

You do not have to be a billionaire to be a philanthropist - making charitable donations can be a rewarding experience regardless of the size of your budget.
0 votes
Tunc Tanin Level 5
If your parents are over the age 70.5 and they are receiving RMDs from their qualified plans, you can ask them to donate the RMD to the charity. There are no income taxes due on donating IRA funds to a charity. The income tax savings sometimes beats the ...(more)
0 votes
Peter Cacioppo Level 15
Donate appreciated stock from your normal brokerage account (not your retirement account).
3 votes
Absolutely without question. Donating cash (via trackable method such as a check) is always the best way to make charitable donations so long as you are not exceeding the charitable deduction limits.
14 votes
A check made out to the qualified charitable organization with a receipt from them is the cleanest way to ensure your charitable tax deduction is the amount donated. Giving away an automobile to a charity was once straightforward. You could claim the ...(more)
2 votes
You can go to charitynavigator.org. Many, but not all charities are found there. And, public charities must release their financial information, however some others (religious charities, for example) do not. You can also ask the charity you're interested ...(more)
3 votes
Dear Sadie - Eve's advice is spot on. Charitynavigator is a great place to start gathering information. Public charities are required to disclose financial information on Form 990 for their most recent fiscal period. You should review the Form 990 ...(more)
4 votes
Dear Sadie, You can go to www.charitynavigator.org to see if your charity is listed there. This organization goes through data to assess how much of your donation goes to the end-user vs. e.g. admin costs. If your charity is not listed there, you can ...(more)
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