Concentrate Your Focus
You can often make a more significant impact when you focus your volunteer and donation efforts toward just a few organizations. Creating a charitable mission statement can help determine the causes that matter most to you.
Plan your Philanthropy
Clever financial strategies may help increase your giving without feeling it in your bank account. Consider smart giving strategies such as:
- Using a charitable giving vehicle like a donor-advised fund
- Invest in companies that contribute to the causes you feel strongly about
- Donating stock or other assets
Take some time to discuss the options with your financial professional to see if you can make your giving dollars stretch further.
Choose Wisely
A well-run nonprofit will make better use of your giving dollars and have greater impact on the cause you care about. Do your research.
Charitable Giving: Smart from the Heart
Do you have causes that you want to support with donations?
Trends in Charitable Giving
Some people may want a more advanced gifting strategy that can maximize their gift and generate potential tax benefits.