charity

Charitable Giving

Americans donated nearly $450 billion to charity last year. I joined CBS This Morning to explain the best ways to give and the new donation rules for 2020.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

CBS This Morning: Giving Tuesday

Giving Tuesday is meant to encourage charitable donations during the holidays. Americans, including companies and foundations, gave an estimated $427 billion to U.S. charities last year. I joined CBS This Morning to share how to make the most of your charitable giving this holiday season.

Charitable Tips for Giving Tuesday 2018

Charitable Tips for Giving Tuesday 2018

A rising stock market, a strengthening economy and a change in the tax code propelled charitable giving by American individuals, bequests, foundations and corporations to just over $410 billion in 2017, according to Giving USA 2018: The Annual Report on Philanthropy for the Year 2017. It was the first time that giving exceeded $400 billion in a single year.

BONUS Episode - Charitable Giving Boot Camp on #GivingTuesday

Instead of the usual Tuesday BONUS call, we're doing something different for this week only. Today is "Giving Tuesday", a global day of charitable giving, which was created to balance the vast consumerism that flourishes during Black Friday weekend through the end of December.

Instead of the usual Tuesday BONUS call, we’re doing something different for this week only.

Today is “Giving Tuesday”, a global day of charitable giving, which was created to balance the vast consumerism that flourishes during Black Friday weekend through the end of December.

To help explain the importance of philanthropy and how to maximize your annual giving, we’re fortunate have Michael Thatcher, the CEO of Charity Navigator as our guest.

Founded in 2001, Charity Navigator has become the nation's largest and most-utilized evaluator of charities. Their team of professional analysts has examined tens of thousands of nonprofit financial documents. Using the information they’ve gathered, they have developed an unbiased, objective, numbers-based rating system to assess over 8,000 of America's best-known and some lesser known, but worthy, charities.

The timing is perfect, because our sponsor, Betterment, is now offering a service that will allow customers to donate shares from taxable accounts to charitable organizations.

All Betterment customers with appreciated shares will be able to donate long-term investments from their taxable accounts. This feature is one that Betterment is particularly excited to offer customers as it’s part of their deep commitment to giving every investor the high-quality advice that has traditionally only been offered to high-net-worth investors.

When deciding when or where to donate your money, Michael says that in order to be impactful, you need to know where your money goes. He also notes that giving shouldn't be hard, so work with organizations who make the process easier. And remember, all donors who open their hearts, minds, and wallets to good causes, are philanthropists.

So go forth and do your annual good deed...but before you do so, use a strategy that can help you maximize your gifts.

“Better Off” is sponsored by Betterment.

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Charitable Giving: 4 Smart Steps

Charitable Giving: 4 Smart Steps

As Republicans negotiate changes to the tax code, one area is set to remain the same: charitable giving. That said, because both the House and Senate proposals nearly double the Standard Deduction, fewer taxpayers will be itemizing, which means they will be giving for the sake of giving, not to reduce their tax bills.