Cashology by FNBO

Make Charitable Gifting Your New Years Resolution

Episode Summary

New Year’s Resolutions – we all make them. To lose weight, exercise, eat right or to improve some other aspect of our lives, whether it’s to find a new relationship or to find a new job. The big one used to be to stop smoking but maybe that’s given way to a new one – to stop vaping? Another popular resolution is to improve our finances, and that’s what we’re going to talk about today – how we can make a New Year’s Resolution that we’ll love keeping and that will give us some financial advantages, too. We’re talking about charitable gifting.

Episode Notes

Let’s say someone decides to make charitable gifting a new year’s resolution. What makes this resolution easier to keep than others?

How can someone get started on this and know it’s right for them?

There are a lot of different approaches to charitable gifting? What are some of the most common ways?

What about Donor Advised Funds? Those are set up just for charitable purposes, right? 

And then that leads us to things like Charitable Trusts and Foundations and taking more of a family approach to charitable giving.

And that sounds like a key for keeping a New Year’s Resolution.

Useful info/links

  1. FNBO: https://www.fnbo.com/insights/wealth/make-charitable-giving-your-new-years-resolution/index.html
  2. How Stuff Works: https://money.howstuffworks.com/economics/volunteer/starting-a-charity/charitable-trust.htm
  3. National Charitable Endowment: https://nationalcharitable.org/donor-advised-funds-basics/