No matter if it’s $25 or $25,000 you have available to share, having a personal plan for giving is always a good idea.
As you think about your own contributions at the end of this year, here are three ideas to help maximize your giving:
- If you plan to give, talk to your financial advisor.
Discuss what assets to contribute and the different options that are available to simplify your giving and maximize your tax benefit. We often think of giving with our checkbooks or cash, but you may have other assets that could offer a more beneficial way to give.
- Think about what matters most to you.
Ask yourself this question: If you could spend two weeks volunteering for any cause or nonprofit, what would it be? This may be a good indication to consider it for a financial contribution.
- Get the family involved.
Giving together is a great way for families to share interests and values. When children or grandchildren are involved in giving (and volunteering) they learn the joy and importance of being involved in their communities.