Thursday 7 September 2017

Multiple Charitable Giving And Your Personal Finances

By Jose Kennedy


It's likely you've found yourself wanting to give to a particular organization but all of your resources were spoken for. Perhaps there are several causes you care about but can only afford a gift to one or two. Lately, disposable income is hard to come by and time for volunteering, even more so. If there were a way to engage in Multiple charitable Giving without the financial concern, you would probably do it.

A simple way to meet your charitable goals is to contribute to a Donor Advised Fund (DAF). A DAF is like a holding account created by a sponsoring charity that holds contributions from various donors and manages the charitable donations. The DAF will send you a quarterly statement of your contributions, along with a gift receipt for tax purposes. These contributions can then be distributed to qualifying charities at some point in the future.

Most people find that writing a check is the easiest route to go, as long as they have the money, and that makes giving money the most common means of donating. Particularly for people who are not especially interested in how the funds will be utilized, a financial donation saves time and effort that can form a part of other types of donations.

Once the gift is made, you can recommend how the donation is invested, through asset allocation strategies. You can name successors to the account, who then can manage the fund and make grant recommendations. This provides for a legacy of giving that can last for many generations.

Charitable donations are an important faction of the society, and anybody can donate to charity, no matter what their financial circumstances. Even minor gifts of spare change or some non-perishable food items can play a role in helping to provide for individuals in need. As gratifying as it might be to write a check for a large amount of money to people or organizations that could truly use it, there are lots of different ways we can help that will still make a difference.

There is no markup on the merchandise. Coupons, promo codes and gift cards may be used and all transactions are done directly with the retailer. The only difference is how you access their store. Homepage Heroes acts as a referring site for the retailers. The commissions earned for that service are then re-allocated according to the purchaser's charity designation.

The "ultimate gift" - Occasionally a supporter is too insecure to contribute larger sums during their lifetime. By making a contribution with a bequest, the concern about needing the money "someday" is eliminated. If your organization has long-time members and other supporters, including those making gifts of only a few dollars annually, they may fall into this category. They just have to be cultivated and solicited.

HH acts as a marketing tool for the charities, as well. Charity administrators can create a page that will benefit their organization and then post a link to it in their newsletters. Alternatively, the Share This Page feature allows the charity to give people on their mailing list an instant means of supporting them - without cost. It helps to keep formerly active donors engaged and attracts new supporters.




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