In some cases, leaving your qualified retirement account to a charity and other assets to your heirs can save on taxes.
An important part of establishing an IRA, 401(k), 403(b) or other
qualified plan is naming a beneficiary. On the positive side, this helps
ensure that upon your death, any remaining account balance will
transfer directly to your heirs without going through probate. On the
negative side, your heirs could lose up to 80 percent of the account’s
balance to income and estate taxes, both federal and state.
Leaving Your 401(k) to a Charity
Posted in:
Estate Planning,
Giving Back
Estate Planning: Supporting a Noble Cause
Posted in:
Estate Planning,
Giving Back
Charitable trusts are a handy tax-saving tool. But they can also greatly benefit a charity of your choice.
More and more retirees are volunteering for charities and non-profits in an effort to contribute to their community and stay active and healthy. Even the Peace Corps has seen a large increase in the number of older volunteers. But there’s a way you can contribute to society without going overseas, and it’s called a charitable trust.
More and more retirees are volunteering for charities and non-profits in an effort to contribute to their community and stay active and healthy. Even the Peace Corps has seen a large increase in the number of older volunteers. But there’s a way you can contribute to society without going overseas, and it’s called a charitable trust.
Control Your Legacy with a Private Foundation
Posted in:
Giving Back,
Estate Planning
Private foundations can let you control your gifts, reduce taxes and impart your values to future generations.
Call it the golf and gala glut: the growing list of charitable parties, balls and outings aimed at raising funds for charitable causes from religious to educational to medical research. If your calendar has filled with worthy causes seeking your name and your wallet, you may want to consider channeling your time and money into a private family foundation.
Call it the golf and gala glut: the growing list of charitable parties, balls and outings aimed at raising funds for charitable causes from religious to educational to medical research. If your calendar has filled with worthy causes seeking your name and your wallet, you may want to consider channeling your time and money into a private family foundation.
Research Before Donating to Charity
Posted in:
Giving Back
Giving to charity is a wonderful way to show support for those in need.
Choosing what charity to give to isn't always easy. It can be even
harder when you are afflicted with the many calls and letters from
charities asking for your donation. Don't allow anyone to push you into
a certain charity. That is a choice that you must make for yourself. It
can be hard to say no but the unfortunate truth is that you can't say
yes to them all. By making it a point to get involved in your
charitable donation, you guarantee that it is going exactly where you
want it to.
Educational Philanthropy: Making A Difference One-To-One
Posted in:
Giving Back
There are not too many ways for individuals to make a tangible
difference inside public school classrooms unless you are a teacher.
Not everyone is called to teach, but for some people coming alongside a
teacher in a way that can make a real difference has been a difficult
task. Until now, that is. Please read on to learn about one such
organization impacting American classrooms that brings teachers and
individual donors together by way of the internet.
Charities Donations Solve Problems
Posted in:
Giving Back
"I believe that if you show people the problems and you show them the solutions they will be moved to act"
Bill Gates
Your charities donations solve the problems of those less fortunate than yourself? We all like to think that we are doing something to help but first you need to be shown the problem before you can act effectively.
Bill Gates
Your charities donations solve the problems of those less fortunate than yourself? We all like to think that we are doing something to help but first you need to be shown the problem before you can act effectively.
The Importance of Charity
Posted in:
Giving Back
The most important aspect of being wealthy is recognizing that you are
wealthy and appreciate what money and financial success can do. For
those who make a sincere effort to examine what they have in life
compared to most in the world, it will help manage daily stress and
anxiety.
Why Raise Money for Charity?
Posted in:
Giving Back
Why are there people that dedicated their whole lives to non-profit
organizations? Why are some highly educated and intelligent people
willing to work for a pittance (or even nothing) to support a charity?
Why would a doctor go and work in Africa for no wages when he or she could be earning a six figure sum back home and living a very comfortable life? And why do so many successful entrepreneurs donate so much of their income to charitable causes?
Why would a doctor go and work in Africa for no wages when he or she could be earning a six figure sum back home and living a very comfortable life? And why do so many successful entrepreneurs donate so much of their income to charitable causes?
The Mission of Great Wealth: In Giving Something Back to the Community
Posted in:
Giving Back
Have you ever wondered why the rich get richer, and the poor become
even poorer? Robert T. Kiyosaki, a fourth generation Japanese-American,
had been thinking of the same thing since he was young. His real dad
was highly educated and intelligent. He had a Ph.D., went to Ivy League
schools, and became head of education in the state of Hawaii. Yet
Kiyosaki saw how his dad struggled to pay the bills.
Kiyosakiís best friend, on the other hand, had a dad who did not go past eighth grade. Yet he became one of the richest men in Hawaii, and left tens of millions of dollars to his family, the church, and his favorite charities. Kiyosaki calls him his rich dad.
How does a man become rich? Clearly, it is not earning all those college and postgraduate degrees. In Kiyosakiís best-selling book Rich Dad poor Dad, he shares the practical lessons he learned from his two dads on achieving wealth.
Kiyosakiís best friend, on the other hand, had a dad who did not go past eighth grade. Yet he became one of the richest men in Hawaii, and left tens of millions of dollars to his family, the church, and his favorite charities. Kiyosaki calls him his rich dad.
How does a man become rich? Clearly, it is not earning all those college and postgraduate degrees. In Kiyosakiís best-selling book Rich Dad poor Dad, he shares the practical lessons he learned from his two dads on achieving wealth.
Donating To Charity On A Budget
Posted in:
Giving Back
I always feel guilty that I can't give to charity more than I do. But,
honestly, my budget is trimmed down to the bare minimums and our income
just meets those obligations with pennies to spare. Still, I feel that
I should be giving something. After all, I know that there are other
families struggling much harder than ours to simply provide the very
basic needs of survival.
Choose To Be A Volunteer
Posted in:
Giving Back
One of the oldest adages known to mankind is from both the Golden Rule
and the Christian Bible: "Do unto others as you would have them do unto
you." "It is better to give than receive."
How to Search for a Charitable Foundation
Posted in:
Giving Back
When you are an organization or individual in need of a charitable
donation, how do you go about finding what you need? After all, there
are so many different companies and foundations out there that issue
grants to people, depending upon their goals, that is can tough to know
where to submit a proposal. Here are some tips to make the process of
searching easier.
