Charitable Giving and Tax Tips

Jones, Dan
November 2006
PN;Nov2006, Vol. 60 Issue 11, p19
Trade Publication
The article discusses several tips about income-tax deductions for charitable contributions. In order for the contributions to be tax deductible, it must be made to U.S. organizations and must conform two limitations which are the charity type and the item donated. Morever, the author suggests to consult a financial planner or tax advisor before taking any tax or financial planning strategy.


Related Articles

  • Leveraging The Charitable Stock Bailout. Berg, R. Clifford // National Underwriter / Life & Health Financial Services;12/11/2006, Vol. 110 Issue 47, p31 

    The article focuses on the charitable stock bailout as an attractive strategy for business owners who want to leverage their companies' closely held stock for achieving charitable planning objectives. It presents two case scenarios on how to secure stock charitable gifting that avoids using...

  • Charitable Contributions By Individuals. Greenfield, Richard; Morris, Edwin B.; Inemer, Ira H.; Barth, Richard M. // CPA Journal;May99, Vol. 69 Issue 5, p68 

    Provides information on charitable contributions. List of qualified charitable organizations in the United States where individuals can deduct charitable contributions; Types of contributions; Individual limitations.

  • The Building Blocks Of Charitable Giving. Hersch, Warren S. // National Underwriter / Life & Health Financial Services;12/11/2006, Vol. 110 Issue 47, p12 

    The article focuses on the increasing awareness of charitable contributions which leads to secure a year-end tax-deduction. It explains that the contribution of assets to a charitable trust would reflect a charitable tax deduction for typically 20 percent of an adjusted gross income which can...

  • NIMCRUTs Encourage Charity While Nurturing Financial Security. Smith, Patrick // National Underwriter / Life & Health Financial Services;12/11/2006, Vol. 110 Issue 47, p20 

    The article reports on the philanthropic practices in the U.S. as charitable contributions reached an unprecedented $260.3 billion in 2005. Business owners utilize the net income with make-up provision charitable remainder unitrust technique NIMCRUT, a powerful tool that enables the affluent to...

  • Research finds disconnect in discussions about charity.  // Journal of Business (10756124);10/24/2013, Vol. 28 Issue 22, pC4 

    The article focuses on the Study of the Philanthropic Conversation conducted by New York-based private bank U.S.Trust Corp., according to which several advisers underestimate the desire of their clients to discuss their charitable goals and the importance of tax benefits. According to Claire...

  • GET THE MOST OUT OF YOUR DONATION. Marquardt, Katy // U.S. News & World Report;12/31/2007, Vol. 143 Issue 23, p58 

    This article describes a way for people to make charitable donations from donor-advised funds to receive the same tax benefits of private foundations. Donors can donate cash, stocks, or mutual funds to a fund run by a community foundation, financial-services firm, or other nonprofit group. The...

  • Charitable remainder trust: A powerful financial planning tool. Phillips, Lawrence C.; Robinson, Thomas R. // Journal of Financial Planning;Aug1997, Vol. 10 Issue 4, p70 

    This article discusses the use of a charitable remainder trust (CRT) as a tool to achieve financial planning objectives. A charitable contribution income tax deduction is allowed for qualifying transfers to charitable organizations, or an estate tax deduction is allowed if property is...

  • Give to the IRS until it hurts: The charitable remainder trust. Kreider, Sharon // Outlook;Summer92, Vol. 60 Issue 2, p46 

    Discusses information about charitable remainder trust (CRT) and its value as income-tax deduction option. Pros of the investment; Cons of the investment; Examples.

  • Not-so-sweet charity. McCormick, Brian // Crain's Chicago Business;12/18/2000, Vol. 23 Issue 52, p3 

    Reports on the effect of the slowdown in giving by donors to local charities in Illinois on these institutions' services to the needy. Factors for the slowdown in giving; Exacerbation of the trend in dipping charitable contributions in favor of political campaign contributions; Role of gifts of...


Read the Article

Courtesy of

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics