SUbscriber Login | NEW SUBSCRIPTION  

Warmth from charitable giving also reduces tax burden

  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
  • warning: Parameter 2 to ad_flash_adapi() expected to be a reference, value given in /var/www/vhosts/rustonleader.com/httpdocs/includes/module.inc on line 497.
in

Americans have a charitable streak. In fact, estimates place the percentage of American households making charitable donations each year at 70-80 percent. Research suggests that giving is good for you, too. Donors experience a measurable kind of warm glow or “helpers’ high” from giving to a good cause, studies show.

Even if feeling good is not a motive for charitable giving, it sure is a plus to reap the tax benefits of giving. So it is worth considering the benefits of giving in the most tax-efficient ways, including making gifts of cash and appreciated securities or establishing donor-advised funds and family foundations.

Full text of this article is available to subscribers only. Login if you are already a subscriber. If you are not a subscriber, you can subscribe to the online version here.

Bookmark and Share