Philanthropy Update
| | Link | digg this | save to del.icio.us
Archived Under: Directory Updates , Philanthropy
Tags: Directory Updates, Philanthropy
According to the Giving USA Foundation, Americans contributed almost $300 billion to charity in 2006. If you are considering giving to charity, then the Moneysmartz Philanthropy category will help you find charitable organizations, understand the tax implications of charitable giving, learn more about philanthropic causes, and stay away from less than scrupulous charitable organizations. To find a charity in your area, visit the Justgive.org listing. To understand the tax consequences of your giving, go to the H&R Block listing. Finally, for some cautionary advice on charitable giving, visit the FTC listing.
Securities Donation Calculator
| | Link | digg this | save to del.icio.us
Archived Under: Moneysmartz Editor , Philanthropy , Taxes , The Moneysherpa Pages
Tags: Moneysmartz Editor, Philanthropy, Taxes, The Moneysherpa Pages
According to Giving USA, Americans gave total contributions of $260.28 billion for 2005. Generous by most standards and partly fueled by tax savings.
If you are considering a year-end charitable gift, Fidelity Charitable Gift Fund's Securities Donation Calculator will help you measure the tax savings from selling the securities and contributing the proceeds to charity and paying any associated capital gains tax compared to giving the securities directly to charity and avoiding capital gains tax.
The tax savings from contributing directly can be significant, so if you are inclined to give securities this year, consider giving directly to cut your tax bill.