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

Disruptive Innovation and Population Health Management
Just wanting to share a "heads up" on my upcoming blog post on applying the principles of.....
read more
Innovation and the Healthcare Supply Chain
In our blogs, the three of us (me, Chip and Thomas) focus primarily on reducing the demand for...
read more
Read Tom Rath's Last Book and Get Charged Up!
A great author who I really enjoy reading is Tom Rath....
read more
Father's Day Tribute: A Healthy Spirit
Even though Father's Day was celebrated officially yesterday, I wanted to pay tribute to my...
read more
Medicaid Expansion Passed by Virginia General Assembly
Despite a vigorous debate for many months, absolute support from the newly elected Virginia governor...
read more
Virginia Budget Challenge and the Politics of Medicaid Expansion
As has been the case for years and as is predictable, there continues to be debate on whether or not...
read more
Change and Recovery: Kotter's Eight Steps
Some time ago, as a management consultant, I spent some time reading about the best practices in...
read more
Big Week in Virginia Politics: Expanding Medicaid
After a series of compelling editorials and op-ed pieces written by noteworthy politicians and the...
read more
Connecting the Dots Between Health Habits and Treatment
U.S. study seesk 1 million people for massive DNA study....
read more
Should Virginia's General Assembly Expand Medicaid?
In another focused op-ed piece in the "Other Views" column of The Virginian-Pilot, several CEO's of...
read more

Go to blog