HealthETeams Support

Support
  • Chesapeake Bay Area
  • Virginia Beach, VA
  • 23455
  • (757) 636-1775
PUBLIC PROFILE

Make Your Tax-deductible Donations Matter...It's More than Money!

Posted by Thomas Edwards on November 27, 2017 10:55 AM EST
Thomas  Edwards photo

One aspect of many wealth management plans and retirement account management goals is to make smart decisions around.....

...charitable giving.  After all, part of a life well-lived and one that makes a difference in the world is how one donates to worthwhile charities who are doing good work in the world.

As one of the people on our blog-writing team for the HealthETeams Support Group, I am a strong believer that strong financial wellness has a connection to some of the other aspects of well-being, such as Community Wellbeing, Social Wellbeing and Career Wellbeing.  Therefore, the role of charitable giving not only is a hedge for helping support worthy causes and projects that help make communities better places to live, work and play, but they are excellent hedges against income taxes-if done well.

That's why I wanted to post an article I read written by Emmy-nominated CBS New Business Analyst Jill Schlesinger that was posted recently on MSN Money's portal on www.msn.com.  I have posted a link to the article here, and simply want to put a highlight on her four key recommendations, along with adding one of my own.

https://www.msn.com/en-us/money/bills-to-pay/charitable-giving-4-steps-to-take/ar-BBFvnJ1

Here are Jill's four tips-mine is a lowly fifth:

1. Confirm that the charity is legitimate.

2. Research the charity to make sure it's in good financial health.

3. Determine how you will donate to the charity.

4. Keep good records of your donation(s).

5. Decide why you want to support this charity-what is it about the charity is particularly important to you and to what you want to support in the world.

As some of you know, I am no financial expert-certainly no comparison the excellent advice and knowledge that Jill demonstrates on air and in this and other written articles.  But beyond the financial benefits that proper charitable contributions strategy may bring, the support of a very worthy and personally important cause can bring a level of satisfaction that quite simply-money cannot buy!

There are no comments

Sign in to add your comment.

Recent Posts

The Five P's of SIGNIFICANCE
While good performance and attaining success are key objectives for all.....
read more
Substance Use Disorder and Collective Impact Projects...Continued....
Building on a prior blog posting I wrote a few weeks ago....
read more
The Three F's (and a P) of Success
Inspired by Chip Block's last blog posting, I thought I'd share another angle on the concept of...
read more
The Four M's of Performance
Most everyone is familiar with the "Four P's of Marketing", so I thought it would be fun to share...
read more
Collective Impact or Community Action...?
Thanks to the research conducted over the last dozen years or so by Stanford University's social...
read more
Can Substance Use Disorder Summits Promote Collective Impact Projects?
In every community and region in the land, substance abuse from alcohol and drugs is creating long...
read more
H.O.P.E. for New Year's Resolution
Building on Joe's latest blog post about the acronym of A.I.M. for success, I want to share my...
read more
A.I.M. for Breakthrough Success
I want to introduce a new periodic series that I have been working on over the last few months.....
read more
Christmas Eve 2018: Humble Beginnings
For believers and non-believers alike, the influence of the story of the birth of Jesus Christ...
read more
The Third Way: Decision 4-How Will You Deliver Your Innovations?
This could be a key decision because in a world of integrated solutions and seemingly one in which...
read more

Go to blog