Quick Notes: Summary of Charitable Giving.

Over the past week, I've written four posts about different kinds of charitable giving.  And as such, you can donate various kinds of property including cash, stocks, real estate and life insurance to charitable organizations of your choosing.

Benefits include tax advantages for you and supporting causes that you care about.

Here's a summary of those posts in case you are interested in learning more.

1. Charitable Bequests: Making a gift of cash or property at your death to a charity. This is done by a Will, Trust or other written bequest.

2. Charitable Remainder Trusts:  Creating an irrevocable trust and transferring assets to the trust for benefit of the charity. You make annual payments to yourself for a term of years and at the end of the annual payment period, the charity keeps the remaining trust assets.

3. Charitable Lead Trusts: Creating an irrevocable trust and transferring assets to the trust for benefit of the charity. Fixed payments paid to you or other beneficiaries for a term. After the term, the donor or other non-charity beneficiaries receive the remaining trust assets.

4. Donor-Advised Fund: Basically setting up a private foundation with a charity of your choice for charitable giving defined by your parameters with tax advantages.

Comments

[maygan]

Greetings Jennifer & Monica;

Here's a wonderful charitable idea benefiting children.

You can help a child while promoting your own brand. Forte Promotions, a promotional products company, is offering to give a charitable gift of your choice for every $500 that you purchase. Three charities have been chosen to receive the donations:

Toys for Tots primary goal is to deliver, through a charming new toy at Christmas, a message of hope to needy youngsters. A Teddy Bear will be given on your behalf.

Greater Minneapolis Crisis Nursery works in partnership with parents in crisis and the community to strengthen families and prevent child abuse and neglect. A toddler or youth sweatshirt will be given on your behalf.

Simpson Housing Services provides shelter and affordable housing with support services to homeless men, women and children and assists individuals and families in their effort to improve their life situations. A fleece blanket will be given on your behalf.

You can participate in this endeavor by contacting www.fortepromo.com or calling 877-997-7799 for your promotional needs ranging from executive gifts to imprinted shirts, calendars, and pens.