How Should You Give to Charity?

Throughout the holiday season, you may encounter lots of appeals for charity. If you choose to give, or if you contribute throughout the year, how can you take full advantage of the impact of your gift? In this episode, Mark talks with Kim Laughton, president of Schwab Charitable (), a nonprofit company developed with the support of Charles Schwab & Co. to make charitable providing easier and more tax-efficient.

They go over direct cash presents, donor-advised funds, private structures, and other ways of providing– and which types of investors can benefit from each method.

You can discover more about the science behind why helping others makes us feel excellent on the "Joy" episode of Choiceology with Katy Milkman. ()

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Crucial Disclosures:.

The details supplied here is for basic informational functions only and must not be thought about an individualized recommendation or customized investment guidance. The financial investment methods discussed here might not be suitable for everyone. Each investor requires to evaluate an investment strategy for his/her own particular circumstance before making any financial investment choice.

All expressions of viewpoint undergo alter without notification in reaction to shifting market conditions. Information included herein from third-party providers is obtained from what are considered dependable sources. However, its precision, efficiency or reliability can not be guaranteed.

Examples offered are for illustrative functions only and not planned to be reflective of results you can expect to attain.

Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund, an independent not-for-profit company. Schwab Charitable Fund has actually participated in service arrangements with particular affiliates of The Charles Schwab Corporation.

A donor's capability to declare itemized reductions goes through a range of limitations depending on the donor's particular tax situation. Consult your tax consultant to learn more.

This details does not make up and is not intended to be a replacement for specific individualized tax, legal or investment preparation suggestions. Where particular suggestions is necessary or suitable, Schwab Charitable suggests consultation with a certified tax advisor, CERTIFIED PUBLIC ACCOUNTANT, Financial Coordinator or Investment Manager.

The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc

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How Should You Give to Charity?

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