Donations made to qualifying nonprofit organizations are typically tax-deductible, but the organization must be recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code. Common examples include religious organizations, educational institutions, charitable foundations and public charities. https://bit.ly/41uULyD #rulien #anchoragecpa #outsourcedaccounting #healthcareaccounting #contractingaccounting #restaurantaccounting #modernaccountingfirm #businessadvisors
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It’s #NationalEstatePlanningAwarenessWeek, which offers a great reminder about why community foundations like Pasadena Community Foundation (PCF) can be an exceptional partner for those who have charitable intent. Check out six ways PCF can make your #estateplanning flexible and meaningful. https://lnkd.in/gDwJgy97
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Founder & CEO at Barnett Financial & Tax | Helping People Build, Protect and Enjoy Their Wealth
At Barnett Financial & Tax, giving back to the community is one of our core values. From supporting local charities to helping causes that align with our mission, we believe in making a positive impact both financially and socially. Learn more about our charitable initiatives and how we’re working to create lasting change. #GivingBack #BarnettFinancial https://lnkd.in/e_xUQz_4
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How to leave money safely to charity Considering leaving a large donation to charity in your will? Direct bequests in wills can lead to legal complications, as charities have rights to contest valuations. Instead, setting up a lifetime trust with clear wishes allows you to control charitable gifts privately and reduces potential disputes. Learn how this approach offers flexibility, discretion, and peace of mind for your legacy planning. #CharitableGiving #EstatePlanning #LegacyPlanning #TrustsAndEstates #WealthManagement #LifetimeTrust #FinancialPlanning #AssetProtection #CharityDonations #InheritancePlanning
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The TCJA will come to an end in 2025 unless it is extended. In a recent conversation with Providence Business News, Carolyn Leslie from CBIZ talked about the possible effects of this expiration on charitable contributions. She also offers advice to clients about making charitable donations, considering these upcoming changes. Read here https://okt.to/nWqDSl #TaxCuts #charitablegiving #TCJA
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Did you know donor-advised funds allow you to contribute now and decide on charities later? Optimize your giving strategy and enjoy immediate tax benefits. #Charity #TaxPlanning #GivingBack https://bit.ly/3MRlNYM
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I help members of the Israeli and Jewish communities as they identify and work toward their financial goals
Charitable trusts come in two primary forms: 🔹 Charitable Remainder Trusts (CRTs) 🔹 Charitable Lead Trusts (CLTs) CRTs allow you to receive income now, with the remainder benefiting charity later. CLTs, on the other hand, benefit charity first and pass assets to your beneficiaries afterward. Each approach offers different benefits based on your financial goals. Let’s determine which trust aligns best with your legacy and giving goals. #WealthManagement #CharitableTrusts #FinancialAdvisor #LegacyPlanning
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Qualified charitable distributions made from traditional IRAs can provide significant support to charities while conferring tax benefits on donors. But nonprofits must make an effort to educate their supporters. https://hubs.li/Q02X2Q7z0
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Did you know donor-advised funds allow you to contribute now and decide on charities later? Optimize your giving strategy and enjoy immediate tax benefits. #Charity #TaxPlanning #GivingBack https://bit.ly/4dWgmDv
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Fundraising and solicitation of donations are an integral source of revenue for #nonprofitorganizations to support their missions. However, with this practice comes a complex web of legal obligations that vary from state to state, specifically, the “Solicitation of Charitable Funds Act.” Learn more! #AskMarcum https://hubs.ly/Q02B4G6m0
Navigating the Risks: The Impacts of Noncompliance in Nonprofit Solicitation
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Founding Partner, President, Chief Investment Officer Helping Clients Work Towards Their Financial Goals
Donor-advised funds (DAFs) are a savvy choice for charitable giving, offering tax advantages and flexibility. By contributing to a DAF, donors can reduce their taxable income immediately and manage their philanthropic efforts through one streamlined account. These funds grow tax-free, allowing for potentially larger grants to multiple charities over time. Additionally, DAFs fit seamlessly into broader financial strategies, making them an effective tool for impactful giving. #TaxEfficiency #DonorAdvisedFund #Philanthropy #CharitableGiving
