Your cash donations in early 2010 to help in the Haiti earthquake relief efforts could actually get you a 2009 income tax deduction!
|
||||||
|
|
The Washington Post has published an interesting article about challenges facing young people who have inherited or stand to inherit big money. How do they deal with raising families, being responsive to society’s needs, and having what is likely more money they’ll ever need? Read the article. Here’s what you’ve been waiting for. A list of nine ways to give to your favorite charities, and they range from easiest to easy. If it’s difficult, challenging, complex or even sweat-inducing, it doesn’t make the list. In addition to being easy, donating Interested in donating to a charity before year-end? Have money in your IRA that you can give? Until December 31, 2009, you can donate to that charity directly from your IRA totally tax-free! Come January 1, this rule is gone. Read the details. The Chronicle of Philanthropy reports that the Internal Revenue Service has started a new audit program that will try to stop very rich individuals from using “complex financial arrangements” — including private foundations — to avoid paying taxes. Read The Chronicle of Philanthropy report. Bloomberg.com just published an interesting article on the changing market for naming rights – in light of the current economy. It may be time to strike a better deal, while supporting a cause you care about. The Bloomberg.com article. The U.S. is the philanthropy capital of the world. And giving circles are helping make sure we never lose that title. What’s a giving circle? Basically, a group of people getting together to focus and pool their giving. Kind of like an investment club, but with philanthropy as the investment. The Forum of Regional Associations of Grantmakers [...] Many employers maintain match gift programs — in effect doubling (or even tripling) charitable donations made by their employees. Some programs also include former employees. To find matching employers: Go to your employer’s (or past employer’s) website and enter “Matching Gifts” in the search box. If you are 70½ or older you can donate from your IRA directly to the qualified organization of your choice – tax-free! This special rule, originally passed by Congress in 2006, was extended in October 2008 (§205 of H.R. 1424, the Emergency Economic Stabilization Act of 2008). The extension applies to the 2008 and 2009 [...] |
|||||
|
Copyright © 2010 Smarter Giving Group, LLC | The Smarter Giving Guy | All Rights Reserved |
||||||